Loans Manager Salary in Waterloo, IA

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How much does a Loans Manager make in Waterloo, IA?

As of March 01, 2025, the average annual salary for a Loans Manager in Waterloo, IA is $164,948. Salary.com reports that pay typically ranges from $137,868 to $185,774, with most professionals earning between $113,214 and $204,735.

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Salary range for a Loans Manager
$137,868 to $185,774
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What is a Loans Manager?

The Loans Manager is responsible for overseeing the loan department of a financial institution, including managing a team of loan officers and ensuring that loan applications are processed efficiently and accurately. They are also responsible for developing and implementing loan policies and procedures, as well as ensuring compliance with all relevant regulations and guidelines. The Loans Manager is also involved in evaluating loan applications, making lending decisions, and monitoring the performance of the loan portfolio. Additionally, they may be responsible for developing and maintaining relationships with clients and promoting loan products and services to potential customers. Overall, the Loans Manager plays a crucial role in the success of the loan department and the overall financial institution.

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Loans Manager 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.

Loans Manager 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 Loans Manager in Waterloo, IA

Average Base Salary

Core compensation

 
 
 
137868
185774
164948

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
151853
230294
187933
What is the average salary for Loans Manager in 2025?
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loans Manager in Waterloo, IA. The base salary for Loans Manager ranges from $137,868 to $185,774 with the average base salary of $164,948. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $151,853 to $230,294 with the average total cash compensation of $187,933.

View Average Salary for Loans Manager as table

Average Salary Average Salary Range
Base Salary $164,948 $137,868 - $185,774
Bonus $22,985 $13,985 - $44,520
Total Pay $187,933 $151,853 - $230,294
* 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.

Loans Manager Salary Near Waterloo, IA

CITY, STATE AVERAGE SALARY RANGE COMPARE TO Waterloo, IA
CITY, STATE Cedar Falls, IA AVERAGE SALARY RANGE $133,798 - $180,289 COMPARE TO Waterloo, IA
CITY, STATE Cedar Rapids, IA AVERAGE SALARY RANGE $141,994 - $191,333 COMPARE TO Waterloo, IA
CITY, STATE Iowa City, IA AVERAGE SALARY RANGE $140,836 - $189,773 COMPARE TO Waterloo, IA
CITY, STATE Ames, IA AVERAGE SALARY RANGE $141,982 - $191,317 COMPARE TO Waterloo, IA
CITY, STATE Dubuque, IA AVERAGE SALARY RANGE $140,085 - $188,761 COMPARE TO Waterloo, IA
CITY, STATE Ankeny, IA AVERAGE SALARY RANGE $143,318 - $193,117 COMPARE TO Waterloo, IA
See salaries for Loans Manager 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 Loans Manager in Waterloo, IA

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JOB TITLE LOCATION MINIMUM SALARY MAXIMUM SALARY
JOB TITLE Underwriting Manager - Mortgage Loans LOCATION Waterloo, IA MINIMUM SALARY $83,400 MAXIMUM SALARY $117,300
JOB TITLE Processing Manager - Mortgage Loans LOCATION Waterloo, IA MINIMUM SALARY $81,200 MAXIMUM SALARY $109,500
JOB TITLE Officer, Entry - Mortgage Loans LOCATION Waterloo, IA MINIMUM SALARY $40,100 MAXIMUM SALARY $54,300
JOB TITLE Specialist I - Mortgage Loans LOCATION Waterloo, IA MINIMUM SALARY $40,090 MAXIMUM SALARY $54,290
JOB TITLE Officer, Experienced - Mortgage Loans LOCATION Waterloo, IA MINIMUM SALARY $54,200 MAXIMUM SALARY $73,500
JOB TITLE Specialist II - Mortgage Loans LOCATION Waterloo, IA MINIMUM SALARY $54,190 MAXIMUM SALARY $73,490
The Loans Manager 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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137868
185774

 

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

Loans Manager Salary in popular cities: Des Moines, Cedar Rapids, Davenport

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