Business & Finance Waldorf, MD Pop. 77,000

Loan Officer Salary in Waldorf, Maryland

The median loan officer salary in Waldorf, MD is $72,314 per year, which is 10.0% above the national median and 4.3% below the Maryland state average.

City Median
$72,314
vs State Avg
$-3,287
vs National
+$6,574
Cost of Living
105%

Loan Officer Salary in Waldorf by Experience

In Waldorf, an entry-level loan officer earns around $41,800, while experienced professionals earn up to $143,000 per year. The local cost of living index is 105% of the national average.

Entry Level (0-2 yrs)
$41,800
+$3,800 vs national
Mid Level (3-7 yrs)
$72,600
+$6,600 vs national
Senior Level (8+ yrs)
$143,000
+$13,000 vs national

Salary Percentiles in Waldorf, MD

Percentile Waldorf
10th Percentile $38,720
25th Percentile $49,940
Median (50th) $72,314
75th Percentile $110,000
90th Percentile $169,180

Loan Officer Salary in Other Maryland Cities

Silver Spring, MD
$83,490
Pop. 81,015
Columbia, MD
$80,860
Pop. 104,681
Germantown, MD
$78,888
Pop. 90,676
Baltimore, MD
$74,286
Pop. 585,708

How to Become a Loan Officer in Waldorf

Education

Most loan officer positions require a bachelor's degree. Waldorf and the surrounding Maryland area have institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Waldorf may vary based on local industry and population growth.

Find Loan Officer Jobs in Waldorf

Browse open loan officer positions in Waldorf, MD:

Indeed → LinkedIn → ZipRecruiter → Glassdoor →

Frequently Asked Questions: Loan Officer Salary in Waldorf

How much does a Loan Officer make in Waldorf, MD? ▼
The median loan officer salary in Waldorf, Maryland is $72,314 per year, which is 10.0% above the national median of $65,740. Salaries range from $38,720 (10th percentile) to $169,180 (90th percentile).
How much does a Loan Officer make per hour in Waldorf? ▼
Based on the median annual salary of $72,314, a loan officer in Waldorf earns approximately $35 per hour assuming a standard 2,080-hour work year.
How does Waldorf compare to the Maryland state average for loan officer pay? ▼
Waldorf's median loan officer salary of $72,314 is 4.3% below the Maryland state average of $75,601. The local cost of living index is 105% of the national average.
What is the cost of living in Waldorf, MD? ▼
Waldorf has a cost of living index of 105% compared to the national average. This means a loan officer salary of $72,314 in Waldorf has less purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Waldorf? ▼
Most loan officer positions in Waldorf require a bachelor's degree. Key skills include Credit Analysis, Mortgage Lending, Customer Service, Regulatory Compliance. The job market is projected to grow 3% nationally over the next decade.