Lending Officer Salary in Waterloo, IA

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How much does a Lending Officer make in Waterloo, IA?

As of March 01, 2025, the average annual salary for a Lending Officer in Waterloo, IA is $70,913. Salary.com reports that pay typically ranges from $62,899 to $77,670, with most professionals earning between $55,603 and $83,823.

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Salary range for a Lending Officer
$62,899 to $77,670
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What is a Lending Officer?

A Lending Officer is responsible for evaluating and approving loan applications, as well as managing the loan portfolio of a financial institution. They work with individuals and businesses to assess their creditworthiness, determine the appropriate loan products, and negotiate terms and conditions. Lending officers also monitor the performance of existing loans, identify potential risks, and work with clients to address any issues that may arise. Additionally, they may be involved in marketing and promoting loan products to attract new customers and grow the loan portfolio. Strong analytical skills, knowledge of lending regulations, and excellent communication and customer service abilities are essential for success in this role.

See user submitted job responsibilities for Lending Officer.

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Lending Officer Salary By Experience Levels in Waterloo, IA

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RELEVANT JOB EXPERIENCE

Length of experience is a pay differentiator. Those with greater experience may have an advantage in negotiating salary. For those with less experience, other factors such as education or special skills could impact your pay. Please visit Professional Salary Report for more details.

Lending Officer Salary By Level of Education in Waterloo, IA

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LEVEL OF EDUCATION

Depending on the job, educational levels may have a significant impact on pay levels. Be informed and understand how things like education and certifications can help to increase potential earnings for the career you are interested in. Please visit Professional Salary Report for more details.

Average Salary Range for Lending Officer in Waterloo, IA

Average Base Salary

Core compensation

 
 
 
62899
77670
70913

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
64145
85211
73819
What is the average salary for Lending Officer in 2025?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Lending Officer in Waterloo, IA. The base salary for Lending Officer ranges from $62,899 to $77,670 with the average base salary of $70,913. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $64,145 to $85,211 with the average total cash compensation of $73,819.

View Average Salary for Lending Officer as table

Average Salary Average Salary Range
Base Salary $70,913 $62,899 - $77,670
Bonus $2,906 $1,246 - $7,541
Total Pay $73,819 $64,145 - $85,211
* Base Salary represents gross income before taxes and deductions. It does not include additional pay such as benefits, bonuses, profit sharing or commissions.
* Total Pay combines base salary, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job.

Lending Officer Salary Near Waterloo, IA

CITY, STATE AVERAGE SALARY RANGE COMPARE TO Waterloo, IA
CITY, STATE Cedar Falls, IA AVERAGE SALARY RANGE $61,042 - $75,377 COMPARE TO Waterloo, IA
CITY, STATE Cedar Rapids, IA AVERAGE SALARY RANGE $64,782 - $79,995 COMPARE TO Waterloo, IA
CITY, STATE Iowa City, IA AVERAGE SALARY RANGE $64,253 - $79,342 COMPARE TO Waterloo, IA
CITY, STATE Ames, IA AVERAGE SALARY RANGE $64,776 - $79,988 COMPARE TO Waterloo, IA
CITY, STATE Dubuque, IA AVERAGE SALARY RANGE $63,911 - $78,919 COMPARE TO Waterloo, IA
CITY, STATE Ankeny, IA AVERAGE SALARY RANGE $65,385 - $80,740 COMPARE TO Waterloo, IA
See salaries for Lending Officer in locations close to Waterloo, IA. Pay for the same job may vary based on the location and on the location and on other factors such as the size of company, the industry, and other local conditions.

View Salary for Similar Jobs to Lending Officer in Waterloo, IA

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JOB TITLE LOCATION MINIMUM SALARY MAXIMUM SALARY
JOB TITLE Entry Lending Officer LOCATION Waterloo, IA MINIMUM SALARY $43,700 MAXIMUM SALARY $54,200
JOB TITLE Lending Officer I LOCATION Waterloo, IA MINIMUM SALARY $43,626 MAXIMUM SALARY $54,179
JOB TITLE Lending Officer III LOCATION Waterloo, IA MINIMUM SALARY $80,479 MAXIMUM SALARY $99,792
JOB TITLE Lending Officer II LOCATION Waterloo, IA MINIMUM SALARY $62,160 MAXIMUM SALARY $77,074
JOB TITLE Senior Lending Officer LOCATION Waterloo, IA MINIMUM SALARY $80,480 MAXIMUM SALARY $99,800
JOB TITLE Intermediate Lending Officer LOCATION Waterloo, IA MINIMUM SALARY $62,200 MAXIMUM SALARY $77,100
The Lending Officer job could be listed using titles that are not exactly the same, but actually are for the same or very similar job. Here are some job titles in Waterloo, IA that might be a good fit for the type of job and salary you are looking for.

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62899
77670

 

About Waterloo, Iowa    Waterloo is a city in and the county seat of Black Hawk County, Iowa, United States. As of the 2010 United States Census the population decreased by 0....More

Waterloo, Iowa  area prices were up 0.8% from a year ago

Lending Officer Salary in popular cities: Des Moines, Cedar Rapids, Davenport

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Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role

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