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Updated July 13, 2024

Loan Officers Salaries

Baltimore-Columbia-Towson, Maryland, US

Average Base Pay


34.36% above national average

Additional Cash Compensation

Average: $71,470

Range: $33,590-$142,840


How much does a Loan Officers role make in Baltimore-Columbia-Towson, Maryland, US?

Career Ladder Pay for Loan Officers Roles

A person in an entry-level Loan Officers role with under one year of job experience can expect to make an average annual salary of $33,590. A Loan Officers candidate with 1-4 years of experience makes an average total salary of $47,430. A person in a mid-career Loan Officers role with 5-9 years of experience makes an average salary of $71,470 a year. Loan Officers with 10 or more years of experience make an average of $103,360. In their late career (over 20 years of experience), a person in a Loan Officers role’s annual salary averages $142,840 per year.

What is the average Loan Officers salary in Baltimore-Columbia-Towson, Maryland, US?

Average base salary, as of 2024 : $71,470

Salary Breakdown

  Average base salary (percentile)
Annual salary$17,868$35,735$53,603
Monthly salary$1,489$2,978$4,467
Weekly salary$372$744$1,117
Hourly salary$53$106$160

Where can a Loan Officers role earn more money?


Similar jobs with comparable annual salaries.


Will extra certification for Loan Officers roles boost salary?

While certifications are not required for every Loan Officers position, they can certainly increase your salary and lead to an easier recruitment process when applying to enterprises that favor candidates with additional certifications.

Is the Loan Officers position in high demand?

The current Bureau of Labor Statistics states the salary is $71,470 higher than the national average for Loan Officers positions.

Is there advancement potential for a Loan Officers role?

Yes, there is strong potential for promotion — either with an additional educational degree or with continued years of experience. There are a multitude of other positions Loan Officers roles that can advance both internally and with another company.

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