The average salary for a loan officer in Maryland is around $68,060 per year.
Avg Salary
Loan officers earn an average yearly salary of $68,060.
Wages typically start from $29,220 and go up to $150,990.
13% above national average Updated in 2018
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$72.59 per hour
$150,990 per year
75th percentile
Senior-level loan officer earnings begin at:
$48.32 per hour
$100,510 per year
50th percentile
Mid-level loan officer earnings begin at:
$32.72 per hour
$68,060 per year
25th percentile
Junior-level loan officer earnings begin at:
$22.14 per hour
$46,040 per year
10th percentile
Starting level loan officer earnings begin at:
$14.05 per hour
$29,220 per year
Approximate values based on highest and lowest earning segments.
Loan officer salary by state
| State Name | Average Salary |
|---|---|
| Connecticut | $88,768 |
| Illinois | $81,620 |
| New York | $78,520 |
| New Hampshire | $76,430 |
| Nebraska | $75,800 |
| Kansas | $75,462 |
| District of Columbia | $74,840 |
| New Jersey | $73,180 |
| Minnesota | $72,030 |
| Massachusetts | $70,090 |
| Texas | $68,710 |
| Maryland | $68,060 |
| Missouri | $68,010 |
| Florida | $67,760 |
| North Dakota | $67,610 |
| Kentucky | $67,450 |
| Pennsylvania | $66,807 |
| Hawaii | $66,666 |
| Ohio | $64,770 |
| Oregon | $64,610 |
| Maine | $64,110 |
| Virginia | $63,860 |
| Wisconsin | $62,850 |
| North Carolina | $62,360 |
| Wyoming | $61,860 |
| Iowa | $61,518 |
| Oklahoma | $61,230 |
| Colorado | $61,010 |
| Nevada | $60,630 |
| Washington | $60,540 |
| Rhode Island | $60,460 |
| California | $60,420 |
| South Carolina | $60,250 |
| Delaware | $60,140 |
| Idaho | $59,677 |
| South Dakota | $59,520 |
| Vermont | $58,650 |
| Montana | $57,840 |
| Mississippi | $57,500 |
| Indiana | $57,023 |
| Alaska | $56,980 |
| Arkansas | $55,514 |
| Georgia | $54,690 |
| Tennessee | $54,490 |
| Alabama | $53,488 |
| Arizona | $52,696 |
| New Mexico | $51,460 |
| West Virginia | $48,820 |
| Louisiana | $48,230 |
| Guam | $45,840 |
| Utah | $45,470 |
| Puerto Rico | $29,150 |
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 business analysts but more than investment bankers.
| Career | Median Salary |
|---|---|
| Business analyst salary | $98K |
| Securities and commodities broker salary | $63K |
| Stock trader salary | $63K |
| Financial analyst salary | $81K |
| Budget analyst salary | $90K |
| Loan officer salary | $68K |
| Cost estimator salary | $72K |
| Auditor salary | $74K |
| Accountant salary | $74K |
| Investment banker salary | $71K |
Source: CareerExplorer (Aggregated)