Loan Officer salary in Des Moines-West Des Moines, IA
Loan Officers in the Des Moines-West Des Moines, IA metro area earn a median of $101,190 a year ($48.65 an hour), based on BLS data for 650 workers.
Pay ranges from $55,960 for the lowest-paid 10% to $163,910 for the top 10%. That is 32% higher than the national median of $76,690. Pay here is 21% higher than the Iowa statewide median of $83,670. There are 1.6 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $101,800, above the median because a few high earners pull it up.
Pay range for loan officers in Des Moines-West Des Moines, IA
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $55,960 | $26.91 |
| 25th percentile | $73,510 | $35.34 |
| Median | $101,190 | $48.65 |
| 75th percentile | $125,980 | $60.57 |
| 90th percentile (top earners) | $163,910 | $78.80 |
| Average (mean) | $101,800 | $48.94 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $8,432.50 |
| Semi-monthly (24 a year) | $4,216.25 |
| Biweekly (26 a year) | $3,891.92 |
| Weekly | $1,945.96 |
| Hourly | $48.65 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $101,190 salary, see how much house you can afford in Iowa at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Iowa City, IA | $98,630 | 120 |
| Cedar Rapids, IA | $85,990 | 190 |
| Ames, IA | $84,470 | 70 |
| Sioux City, IA-NE-SD | $81,780 | 140 |
| Omaha, NE-IA | $80,300 | 910 |
| Dubuque, IA | $76,170 | 110 |
| Davenport-Moline-Rock Island, IA-IL | $75,380 | 350 |
| Waterloo-Cedar Falls, IA | $72,990 | 190 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
See Loan Officer pay in every state or the Iowa statewide figures.
Related jobs in Des Moines-West Des Moines, IA
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $79,290 | $38.12 |
| Financial and Investment Analysts | $98,490 | $47.35 |
| Insurance Underwriter | $79,230 | $38.09 |
| Financial Specialists, All Other | $80,340 | $38.63 |
| Personal Financial Advisor | $94,270 | $45.32 |
| Financial Examiner | $85,450 | $41.08 |
| Financial Risk Specialist | $108,110 | $51.98 |
| Tax Preparer | $63,560 | $30.56 |
| Property Appraisers and Assessors | $92,370 | $44.41 |
| Budget Analyst | $91,920 | $44.19 |
| Credit Analyst | $80,190 | $38.55 |
| Credit Counselor | $49,160 | $23.63 |
| Business Operations Specialists, All Other | $86,540 | $41.61 |
| Market Research Analysts and Marketing Specialists | $76,580 | $36.82 |
More: Business and Financial Operations Occupations · all salaries in Des Moines-West Des Moines, IA
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Des Moines-West Des Moines, IA?
The median salary for loan officers in the Des Moines-West Des Moines, IA metro area is $101,190 a year, or $48.65 an hour. Pay ranges from $55,960 for the lowest-paid 10% to $163,910 for the top 10%.
How much do the highest-paid loan officers make in Des Moines-West Des Moines, IA?
The top 10% of loan officers in the Des Moines-West Des Moines, IA metro area earn at least $163,910 a year. The top 25% earn $125,980 or more.
What is the starting pay for loan officers in Des Moines-West Des Moines, IA?
Entry-level pay (the 10th percentile) is about $55,960 a year, and a quarter of loan officers earn $73,510 or less.
How many loan officers work in Des Moines-West Des Moines, IA?
About 650 loan officers are employed in the Des Moines-West Des Moines, IA metro area, not counting the self-employed.