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.