Loan Officer Salary in Maryland
The median loan officer salary in Maryland is $75,601 per year, which is 15.0% above the national median of $65,740.
Loan Officer Salary in Maryland by Experience
In Maryland, an entry-level loan officer earns around $43,700, while experienced professionals earn up to $149,500 per year. The cost of living index in Maryland is 110% of the national average.
Salary Percentiles in Maryland
| Percentile | MD Salary |
|---|---|
| 10th Percentile | $40,480 |
| 25th Percentile | $52,210 |
| Median (50th) | $75,601 |
| 75th Percentile | $115,000 |
| 90th Percentile | $176,870 |
Loan Officer Salary by City in Maryland
The largest employment areas for loan officers in Maryland include Baltimore, Columbia, Silver Spring, and Germantown. Salaries vary by city based on local cost of living and demand.
How to Become a Loan Officer in Maryland
Education
Most loan officer positions require a bachelor's degree. Maryland has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Maryland
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Maryland's demand may vary based on local industry trends.