How Much Does a Bank Loan Officer Make in Maryland?

Updated May 28, 2024
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Individually reported data submitted by users of our website

Normal Confidence
$49,982/yr
Average Base Pay
Low $40,246
Average $49,982
High $57,289
The average salary for Bank Loan Officer is $49,982 per year in Maryland.

Related Job Titles to Bank Loan Officer

Bank Of America Loan Officer
$100,237
Maryland
Per Year
Loan Officer I
$57,060
Maryland
Per Year
Loan Officer III
$103,400
Maryland
Per Year
Loan Officer II
$79,470
Maryland
Per Year

Similar Job Salaries to Bank Loan Officer by Company

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Company average base salary in (usd) range
$92,244/yr
$76,387
$108,102
RANGE: $76,387 - $108,102
$66,109/yr
$56,085
$76,133
RANGE: $56,085 - $76,133
$94,732/yr
$78,447
$111,018
RANGE: $78,447 - $111,018
Tri Pointe Homes
Loan Officer
$102,565/yr
$84,934
$120,197
RANGE: $84,934 - $120,197
$94,548/yr
$78,295
$110,802
RANGE: $78,295 - $110,802
Lennar Corporation
Loan officer
$75,959/yr
$61,829
$90,089
RANGE: $61,829 - $90,089

Open Bank Loan Officer Jobs in Maryland

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Top 10 Highest Paying Cities For Bank Loan Officer Jobs in Maryland

It is important to understand how location impacts your career prospects in the United States. There are some cities where a Bank Loan Officer can find a job easily with a greater salary paid then achieve a higher standard of living. Below is the top cities list for Bank Loan Officer job salaries in Maryland. Some cities can pay higher salaries for Bank Loan Officer jobs, which can indicate that there is a large demand for Bank Loan Officer positions in this city.
The following table shows top 10 cities where the Bank Loan Officer salary is higher than other cities in Maryland. Silver Spring takes first place in this list, followed by Bethesda, Potomac. The Bank Loan Officer salary is $53,957 in Silver Spring, which is higher than the national average. There are 15 cities' Bank Loan Officer salary higher than national average in Maryland.
The average salary for a Bank Loan Officer in Maryland is $49,982, but we found that the city with the highest salary for Bank Loan Officer jobs is Silver Spring, MD, and it is higher than Bethesda. Bank Loan Officer jobs in Silver Spring can have the opportunity to earn higher salaries than in other cities in Maryland.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Silver Spring $53,957 $4,496 $1,038 $26
Bethesda $53,957 $4,496 $1,038 $26
Potomac $53,957 $4,496 $1,038 $26
Rockville $53,909 $4,492 $1,037 $26
Bowie $53,860 $4,488 $1,036 $26
Waldorf $53,812 $4,484 $1,035 $26
Gaithersburg $53,812 $4,484 $1,035 $26
Germantown $52,358 $4,363 $1,007 $25
Frederick $52,067 $4,339 $1,001 $25
Baltimore $49,837 $4,153 $958 $24

What Does a Bank Loan Officer Do?

A loan officer knows the ins and outs of loans and what makes an applicant get approved or denied, so take their suggestions seriously and implement them to increase your odds of getting approved for a loan.
Updated December 11, 2021
When you have your search narrowed down to a few choices, you can ask helpful questions that can lead you to choose the right loan officer for you.
Updated November 03, 2021
Except for consumer loan officers, who spend most of their time in offices, these workers may travel to visit clients.
Updated December 22, 2021
If you can meet with or speak to a loan officer, you can make your case for loan approval to a human being rather than a machine.
Updated December 22, 2021
If the underwriter approves your loan, your loan officer will then collect and prepare the appropriate loan closing documents.
Updated December 20, 2021

Frequently Asked Questions About a Bank Loan Officer Salaries

What is the average of a Bank Loan Officer in Maryland?

The Bank Loan Officer salary range is from $40,246 to $57,289, and the average Bank Loan Officer salary is $49,982/year in Maryland. The Bank Loan Officer's salary will change in different locations.

Which location pays the highest Bank Loan Officer salary in the United States?

The Bank Loan Officer salary in San Jose, CA is $60,841 which is the highest in the US.

What kinds of reasons will influence the Bank Loan Officer's salary?

Besides the location, employees' education degree, related skills, and work experience also will influence the salary. Try to improve your skills and experience to get a higher salary for the position of Bank Loan Officer.

What is the growth rate of the Bank Loan Officer's salary?

If you are thinking of becoming a Bank Loan Officer or planning the next step in your career, find the detailed salary report of a Bank Loan Officer.