Loan Officer Salary in Maryland
Based on 4K+ workers in Maryland
Median Annual Salary (MD)
$73,580
$35.38/hr
vs National Average
$76,354
-3.6% vs national median
Salary Range (10th–90th)
$37K – $160K
4K employed in Maryland
The median loan officer salary in Maryland is $73,580 per year, approximately 4% below the national average. With roughly 3,850 loan officers employed throughout the state, this represents a stable career path for financial professionals. Salaries in this field range from $37,470 to $159,860 annually, reflecting significant variation based on experience and performance.
Several factors influence loan officer salary in Maryland, including years of experience, employer size, and individual loan portfolio performance. Loan officers working for larger banks or mortgage companies typically earn more than those at smaller institutions. Commission structures and bonus opportunities can substantially impact total compensation, as can specialization in commercial or mortgage lending versus consumer loans.
Salary Distribution — Loan Officer in Maryland
| Percentile | Annual Salary |
|---|---|
| 10th percentile | $37,470 |
| 25th percentile | $49,990 |
| Median (50th percentile) | $73,580 |
| 75th percentile | $99,220 |
| 90th percentile | $159,860 |
Top-Paying Industries for Loan Officer (U.S.)
Which industries pay Loan Officers the most — nationwide figures (industry-level data is not available by state). Loan Officers in Maryland tend to follow these industry patterns.
| Industry (U.S.) | Median Salary | Employed (U.S.) |
|---|---|---|
| Retail Trade | $103,260 | 12K |
| Real Estate and Rental and Leasing | $84,090 | 3K |
| Government (excl. schools, hospitals & USPS) | $81,330 | 6K |
| Management of Companies and Enterprises | $79,570 | 12K |
| Other Services (except Public Administration) | $77,140 | 560 |
Source: U.S. BLS OEWS National Industry-Specific estimates, May 2025. National figures (not state-specific).
Historical Salary Trend — Loan Officer in Maryland vs National
| Year | Median Salary (Maryland) |
|---|---|
| 2022 | $68,960 |
| 2023 | $71,800 |
| 2024 | $73,340 |
| 2025 | $73,580 |
| 2026 (projected) | $73,821 |
The latest year is a projection based on recent wage trends — BLS has not yet released that year’s data.
| Year | Maryland Median | National Median |
|---|---|---|
| 2022 | $68,960 | $68,453 |
| 2023 | $71,800 | $70,692 |
| 2024 | $73,340 | $73,485 |
| 2025 | $73,580 | $76,354 |
| 2026 (projected) | $73,821 | $76,604 |
Loan Officer Salary by Experience Level in Maryland
| Experience Level | Years | Median Annual Salary |
|---|---|---|
| Junior | 0-2 yrs | $49,990 |
| Mid-level | 3-5 yrs | $73,580 |
| Senior | 6-9 yrs | $99,220 |
| Staff / Lead | 10+ yrs | $159,860 |
Loan Officer Salary in Other States
Related Loan Officer Salaries in Maryland
How other high-demand occupations in Maryland compare to Loan Officer ($73,580 median).
| Occupation | Median Salary | vs Loan Officer | Hourly |
|---|---|---|---|
| Financial Manager in MD | $158,750 | +115.8% | $76.32/hr |
| Economist in MD | $144,680 | +96.6% | $69.56/hr |
| Actuary in MD | $126,950 | +72.5% | $61.03/hr |
| Budget Analyst in MD | $106,020 | +44.1% | $50.97/hr |
| Financial Examiner in MD | $102,980 | +40.0% | $49.51/hr |
| Tax Examiner in MD | $101,400 | +37.8% | $48.75/hr |
| Financial Analyst in MD | $100,370 | +36.4% | $48.25/hr |
| Personal Financial Advisor in MD | $99,880 | +35.7% | $48.02/hr |
| Accountant in MD | $89,370 | +21.5% | $42.97/hr |
| Compliance Officer in MD | $84,720 | +15.1% | $40.73/hr |
| Credit Analyst in MD | $75,390 | +2.5% | $36.25/hr |
| Securities Sales Agent in MD | $61,660 | -16.2% | $29.64/hr |
Frequently Asked Questions
How much do loan officers make in Maryland?
- The median salary for loan officers in Maryland is $73,580 per year, or approximately $35 per hour. This is about 3.6% below the national average for this position.
What is the salary range for loan officers in Maryland?
- Loan officer salaries in Maryland range from $37,470 at the lower end to $159,860 at the upper end, reflecting significant variation based on experience and performance.
Is the loan officer salary in Maryland competitive compared to the national average?
- Maryland's median loan officer salary of $73,580 is slightly below the national average at 3.6% lower, making it a relatively competitive but not premium market for this profession.
How many loan officers are employed in Maryland?
- There are approximately 3,850 loan officers employed in Maryland, indicating a substantial job market for this occupation in the state.