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 Overview in Maryland (2026)
Maryland ranks #8 out of 50 states for loan officer compensation. This places Maryland in the top tier nationally, making it one of the best states for loan officers seeking high pay. At $75,601 per year, loan officers in Maryland earn $9,861 more than the national median of $65,740.
It's worth noting that Maryland's cost of living is 110% of the national average, which reduces the real purchasing power of the $75,601 salary. After adjusting for cost of living, the effective salary is closer to $68,728.
The salary spread in Maryland is significant: loan officers at the 10th percentile earn $40,480, while those at the 90th percentile bring home $176,870 — a $136,390 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Maryland for this role is Silver Spring, where the median reaches $83,490.
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). This steady growth indicates stable demand for loan officers across the country.
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.
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See Investment Options →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.
Negotiate Your Way to Senior Pay
Data shows Loan Officers who negotiate earn 7–15% more. A single negotiation could add $73,899 over your career trajectory.
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