How much does a loan officer make in Waterloo?
$72,990a year
Median yearly pay for loan officers in the Waterloo-Cedar Falls, IA metro area. That is $35.09 an hour or $6,083 a month.
- Hourly
- $35.09
- Vs. national median
- -5%
- Rank among cities
- 170 of 383
- Jobs in the area
- 190
Pay range
Lowest 10%: $51,690Median: $72,990Highest 10%: $128,300
| Percentile | Yearly | Hourly | |
|---|---|---|---|
| 10th | $51,690 | $24.85 | |
| 25th | $52,890 | $25.43 | |
| Median | $72,990 | $35.09 | |
| 75th | $93,320 | $44.87 | |
| 90th | $128,300 | $61.68 |
Other cities in Iowa
Median yearly pay for loan officers.
| Des Moines, IA | $101,200 |
| Iowa City, IA | $98,630 |
| Cedar Rapids, IA | $85,990 |
| Ames, IA | $84,470 |
| Sioux City, IA | $81,780 |
| Omaha, NE | $80,300 |
| Dubuque, IA | $76,170 |
| Davenport, IA | $75,380 |
Related jobs in Waterloo
Same field, median yearly pay.
| Personal Financial Advisor | $90,520 |
| Management Analyst | $83,850 |
| Project Management Specialist | $81,600 |
| Financial Specialist | $77,840 |
| Cost Estimator | $77,070 |
| Labor Relations Specialist | $77,020 |
| Logistician | $75,470 |
| Accountant and Auditor | $73,530 |
| Buyer and Purchasing Agent | $73,330 |
| Compliance Officer | $73,200 |
Frequently asked questions
How much does a loan officer make an hour in Waterloo?
The median hourly pay in the Waterloo-Cedar Falls, IA metro area is $35.09 ($72,990 a year).
Do loan officers make more in Waterloo than the national average?
No: $72,990 against $76,690 nationally, 5% less.
How does Waterloo compare with the rest of Iowa?
The median in Iowa is $83,670, so Waterloo pays 13% less.
Where does Waterloo rank for loan officer pay?
170 of 383 metro areas with data.
How much does a loan officer make starting out in Waterloo?
The lowest-paid 10% make $51,690 or less a year; the top 10% make $128,300 or more.
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (OEWS): pay in May 2025, published by BLS in 2026. Hourly pay is the yearly figure divided by 2,080 hours.