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Loan Officers Salary in Maryland
Last updated: 2025 BLS data · Page refreshed:
How much do Loan Officers make in Maryland?
Last updated: 2025 data from the Bureau of Labor Statistics
$73,580
Median Annual Salary
▲
+0.3% vs 2024
$84,190
Mean Salary
$73,580
Median Salary
$35.38
Hourly Rate
3,850 people work as Loan Officers in Maryland
Loan Officers salary by percentile in Maryland
BLS-reported salary distribution — from entry-level (10th percentile) to top earners (90th percentile).
Loan Officers in Maryland earn a median salary of $73,580 per year ($6,131/month).
This is 3.6% below the national average of $76,354.
Maryland ranks #29 out of 51 states for Loan Officers pay.
Approximately 3,850 people work in this occupation across Maryland.
Salaries increased by 0.3% compared to 2024.
About This Job: Loan Officers
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
Top Skills
Active Listening
4.0
Speaking
4.0
Reading Comprehension
3.88
Judgment and Decision Making
3.88
Critical Thinking
3.75
Key Knowledge Areas
Customer and Personal Service
4.7
Economics and Accounting
3.86
English Language
3.77
Mathematics
3.69
Sales and Marketing
3.47
Typical Education: Bachelor's Degree
(68.7% of workers)
Salaries for Loan Officers in Maryland range from $37,470 at the 10th percentile (entry level) to $159,860 at the 90th percentile (experienced). The middle 50% earn between $49,990 and $99,220.
Median $73,580
P10: $37,470P25: $49,990P75: $99,220P90: $159,860
10th
$37,470
25th
$49,990
Median
$73,580
75th
$99,220
90th
$159,860
Percentile
Annual Salary
Hourly Rate
Monthly
10th Percentile (Entry Level)
$37,470
$18.01
$3,122
25th Percentile
$49,990
$24.03
$4,165
Median (50th)
$73,580
$35.38
$6,131
75th Percentile
$99,220
$47.70
$8,268
90th Percentile (Experienced)
$159,860
$76.86
$13,321
Note: The mean (average) salary of $84,190 differs from the median because salary distributions are typically skewed by high earners.
The median annual salary for Loan Officers in Maryland is $73,580 as of 2025. The average (mean) salary is $84,190.
What is the salary range for a Loan Officers in Maryland?
Salaries for Loan Officers in Maryland range from $37,470 at the 10th percentile to $159,860 at the 90th percentile. The middle 50% earn between $49,990 and $99,220.
What is the starting salary for a Loan Officers in Maryland?
Entry-level Loan Officers positions in Maryland typically start around $37,470 (10th percentile). With some experience, salaries rise to $49,990 (25th percentile).
How many people work as Loan Officers in Maryland?
According to 2025 BLS data, approximately 3,850 people are employed as Loan Officers in Maryland.
What is the hourly rate for a Loan Officers in Maryland?
Based on a standard 2,080-hour work year, the median hourly rate for a Loan Officers in Maryland is approximately $35.38 per hour.
Salary data is sourced from the U.S. Bureau of Labor Statistics (BLS) Occupational Employment and Wage Statistics (OEWS) survey, 2025 estimates. The OEWS survey covers approximately 1.1 million establishments nationwide.
Annual salaries are calculated based on a standard 2,080-hour work year. Actual compensation may vary based on experience, education, employer, and local market conditions. Figures do not include benefits, bonuses, or overtime pay.
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