The average salary for a loan officer in Maryland is around $73,580 per year.
Avg Salary
Loan officers earn an average yearly salary of $73,580.
Wages typically start from $37,470 and go up to $159,860.
7% above national average Updated in 2025
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$76.86 per hour
$159,860 per year
75th percentile
Senior-level loan officer earnings begin at:
$47.70 per hour
$99,220 per year
50th percentile
Mid-level loan officer earnings begin at:
$35.37 per hour
$73,580 per year
25th percentile
Junior-level loan officer earnings begin at:
$24.03 per hour
$49,990 per year
10th percentile
Starting level loan officer earnings begin at:
$18.02 per hour
$37,470 per year
Approximate values based on highest and lowest earning segments.
Loan officer salary by state
| State Name | Average Salary |
|---|---|
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
| North Dakota | $84,650 |
| Iowa | $83,670 |
| Delaware | $83,130 |
| Maine | $81,900 |
| California | $81,770 |
| New Hampshire | $80,660 |
| Washington | $80,120 |
| South Dakota | $79,920 |
| Nebraska | $79,840 |
| Wyoming | $79,620 |
| Illinois | $79,150 |
| Virginia | $78,320 |
| Wisconsin | $78,290 |
| Rhode Island | $77,250 |
| Ohio | $76,370 |
| North Carolina | $75,920 |
| Michigan | $74,470 |
| Missouri | $73,660 |
| Maryland | $73,580 |
| Oklahoma | $72,990 |
| Indiana | $72,960 |
| Alaska | $72,800 |
| Montana | $71,570 |
| Florida | $71,090 |
| Idaho | $71,070 |
| Arkansas | $70,260 |
| Pennsylvania | $69,300 |
| Georgia | $68,490 |
| Alabama | $66,710 |
| Texas | $66,370 |
| Nevada | $64,500 |
| Hawaii | $63,740 |
| South Carolina | $63,220 |
| Tennessee | $62,800 |
| New Mexico | $62,610 |
| Arizona | $62,160 |
| Kentucky | $62,090 |
| Louisiana | $61,110 |
| Mississippi | $60,260 |
| Utah | $59,440 |
| West Virginia | $57,580 |
| Guam | $45,840 |
| Puerto Rico | $29,150 |
| Massachusetts | $101,600 |
How do loan officer salaries compare to similar careers?
Loan officers earn about the same as related careers in Maryland. On average, they make less than auditors but more than revenue agents.
| Career | Median Salary |
|---|---|
| Auditor salary | $89K |
| Accountant salary | $89K |
| Consultant salary | $84K |
| Cost estimator salary | $81K |
| Credit analyst salary | $75K |
| Loan officer salary | $74K |
| Social fundraiser salary | $80K |
| Securities and commodities broker salary | $62K |
| Stock trader salary | $62K |
| Revenue agent salary | $67K |
Source: CareerExplorer (Aggregated)