Loan Processing Specialist Salaries in Iowa
How Much Does a Loan Processing Specialist Make in Iowa?
Updated April 01, 2025
As of April 01, 2025,
the average annual pay of Loan Processing Specialist in Iowa is $54,775.
While Salary.com is seeing that Loan Processing Specialist salary in IA can go up to $66,382
or down to $42,471, but most earn between $48,335 and $60,850.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Loan Processing Specialist
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Similar Job Salaries to Loan Processing Specialist by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
JX Enterprises, Inc.
Loan Processing Specialist
|
$57,129/yr
|
RANGE: $51,378 - $62,880
|
|
Farm Credit Northwest Florida
Loan Processing & Closing Specialist
|
$51,373/yr
|
RANGE: $46,263 - $56,483
|
|
Harmony Bank
Commercial Loan Processing Specialist
|
$55,243/yr
|
RANGE: $49,553 - $60,933
|
|
Jonesboro State Bank
Loan Processing Specialist
|
$42,789/yr
|
RANGE: $38,937 - $46,641
|
|
PONCE BANK
SBA Loan Processing Specialist
|
$84,476/yr
|
RANGE: $76,715 - $92,237
|
|
W3Global
SBA Loan Processing Specialist
|
$84,476/yr
|
RANGE: $76,715 - $92,237
|
|
Mercantile Bank
Commercial Loan Processing Specialist
|
$55,554/yr
|
RANGE: $49,961 - $61,147
|
|
The First National Bank of Elmer
Loan Processing Specialist
|
$64,776/yr
|
RANGE: $58,256 - $71,296
|
|
AB Hires and Consulting
Loan Processing Specialist
|
$71,916/yr
|
RANGE: $64,645 - $79,188
|
|
Wilson Bank & Trust
Commercial Loan Processing Specialist
|
$54,752/yr
|
RANGE: $49,240 - $60,264
|
Top 10 Highest Paying Cities For Loan Processing Specialist Jobs in Iowa
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Loan Processing Specialist can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Loan Processing Specialist job salaries in Iowa.
Some cities can pay higher salaries for Loan Processing Specialist jobs, which can indicate that there is a large demand for Loan Processing Specialist positions in this city.
The following table shows top 10 cities where the Loan Processing Specialist salary is higher than other cities in Iowa.
Des Moines takes first place in this list, followed by Ankeny, Urbandale.
The Loan Processing Specialist salary is $56,137 in Des Moines,
which is lower than the national average. There is 0 city's Loan Processing Specialist salary higher than national average in Iowa.
The average salary for a Loan Processing Specialist in Iowa is $54,775,
but we found that the city with the highest salary for Loan Processing Specialist jobs is Des Moines, IA, and it is higher than Ankeny.
Loan Processing Specialist jobs in Des Moines can have the opportunity to earn higher salaries than in other cities in Iowa.
| CITY | ANNUAL SALARY | MONTHLY PAY | WEEKLY PAY | HOURLY WAGE |
| Des Moines | $56,137 | $4,678 | $1,080 | $27 |
| Ankeny | $56,137 | $4,678 | $1,080 | $27 |
| Urbandale | $56,137 | $4,678 | $1,080 | $27 |
| Ames | $55,622 | $4,635 | $1,070 | $27 |
| Cedar Rapids | $54,763 | $4,564 | $1,053 | $26 |
| Davenport | $54,323 | $4,527 | $1,045 | $26 |
| Iowa City | $54,317 | $4,526 | $1,045 | $26 |
| Council Bluffs | $54,237 | $4,520 | $1,043 | $26 |
| Dubuque | $54,025 | $4,502 | $1,039 | $26 |
| Waterloo | $53,493 | $4,458 | $1,029 | $26 |
What Does a Loan Processing Specialist Do?
Red flags will appear in myPurdue, even if these requirements have been completed, until we begin processing loans in April.
Updated December 13, 2021
Before committing to loan consolidation, be sure to discuss your particular situation fully with a loan consolidation specialist to see if loan consolidation is best for you.
Updated November 24, 2021
Dhani’s No-EMI Personal Loan is a unique offering that can be availed at no interest and zero processing fees.
Updated November 24, 2021
As a loan servicing specialist, your duties primarily focus on ensuring that all documents, signatures, and supporting information are complete and in compliance with all rules and regulations governing loan processing.
Updated November 21, 2021
Make sure we follow the regulatory requirements with regard to payment processing and new loan set up.
Updated November 08, 2021
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Explore JobArchitectFrequently Asked Questions About a Loan Processing Specialist Salaries
What is the average of a Loan Processing Specialist in Iowa?
The Loan Processing Specialist salary range is from $48,335 to $60,850, and the average Loan Processing Specialist salary is $54,775/year in Iowa.
The Loan Processing Specialist's salary will change in different locations.
Which location pays the highest Loan Processing Specialist salary in the United States?
The Loan Processing Specialist salary in San Jose, CA is $72,192
which is the highest in the US.
What kinds of reasons will influence the Loan Processing Specialist's salary?
Besides the location, employees' education degree, related skills, and work experience also will influence the salary.
Try to improve your skills and experience to get a higher salary for the position of Loan Processing Specialist.
What is the growth rate of the Loan Processing Specialist's salary?
If you are thinking of becoming a Loan Processing Specialist or planning the next step in your career, find the detailed salary report of a Loan Processing Specialist.
