Loan Officer salary in Baltimore-Columbia-Towson, MD
Loan Officers in the Baltimore-Columbia-Towson, MD metro area earn a median of $68,470 a year ($32.92 an hour), based on BLS data for 1,810 workers.
Pay ranges from $33,610 for the lowest-paid 10% to $139,700 for the top 10%. That is 11% lower than the national median of $76,690. Pay here is 7% lower than the Maryland statewide median of $73,580. There are 1.3 loan officers per 1,000 jobs here — the job is less common than nationally (location quotient 0.76). The average (mean) salary is $79,620, above the median because a few high earners pull it up.
Pay range for loan officers in Baltimore-Columbia-Towson, MD
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $33,610 | $16.16 |
| 25th percentile | $46,690 | $22.45 |
| Median | $68,470 | $32.92 |
| 75th percentile | $97,290 | $46.78 |
| 90th percentile (top earners) | $139,700 | $67.16 |
| Average (mean) | $79,620 | $38.28 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $5,705.83 |
| Semi-monthly (24 a year) | $2,852.92 |
| Biweekly (26 a year) | $2,633.46 |
| Weekly | $1,316.73 |
| Hourly | $32.92 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $68,470 salary, see how much house you can afford in Maryland at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Washington-Arlington-Alexandria, DC-VA-MD-WV | $97,800 | 5,000 |
| Philadelphia-Camden-Wilmington, PA-NJ-DE-MD | $77,590 | 4,660 |
| Lexington Park, MD | $64,390 | 70 |
| Hagerstown-Martinsburg, MD-WV | $62,060 | 120 |
| Salisbury, MD | $60,700 | 50 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| 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 |
See Loan Officer pay in every state or the Maryland statewide figures.
Related jobs in Baltimore-Columbia-Towson, MD
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $85,160 | $40.94 |
| Personal Financial Advisor | $98,970 | $47.58 |
| Financial and Investment Analysts | $98,880 | $47.54 |
| Financial Specialists, All Other | $77,960 | $37.48 |
| Budget Analyst | $96,150 | $46.23 |
| Insurance Underwriter | $93,510 | $44.96 |
| Tax Preparer | $56,160 | $27.00 |
| Tax Examiners and Collectors, and Revenue Agents | $65,140 | $31.32 |
| Credit Analyst | $77,460 | $37.24 |
| Financial Risk Specialist | $119,720 | $57.56 |
| Property Appraisers and Assessors | $77,250 | $37.14 |
| Financial Examiner | $103,460 | $49.74 |
| Credit Counselor | $56,960 | $27.39 |
| Business Operations Specialists, All Other | $98,060 | $47.14 |
More: Business and Financial Operations Occupations · all salaries in Baltimore-Columbia-Towson, MD
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Baltimore-Columbia-Towson, MD?
The median salary for loan officers in the Baltimore-Columbia-Towson, MD metro area is $68,470 a year, or $32.92 an hour. Pay ranges from $33,610 for the lowest-paid 10% to $139,700 for the top 10%.
How much do the highest-paid loan officers make in Baltimore-Columbia-Towson, MD?
The top 10% of loan officers in the Baltimore-Columbia-Towson, MD metro area earn at least $139,700 a year. The top 25% earn $97,290 or more.
What is the starting pay for loan officers in Baltimore-Columbia-Towson, MD?
Entry-level pay (the 10th percentile) is about $33,610 a year, and a quarter of loan officers earn $46,690 or less.
How many loan officers work in Baltimore-Columbia-Towson, MD?
About 1,810 loan officers are employed in the Baltimore-Columbia-Towson, MD metro area, not counting the self-employed.