Commercial Loan Underwriter Salaries in Maryland
How Much Does a Commercial Loan Underwriter Make in Maryland?
Updated March 01, 2025
As of March 01, 2025,
the average annual pay of Commercial Loan Underwriter in Maryland is $101,584.
While Salary.com is seeing that Commercial Loan Underwriter salary in MD can go up to $128,364
or down to $68,969, but most earn between $84,512 and $115,602.
Salary ranges can vary widely depending on many important factors,
including education, certifications, additional skills, and your experience levels.
With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.
Related Job Titles to Commercial Loan Underwriter
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Similar Job Salaries to Commercial Loan Underwriter by Company
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| Company | average base salary in (usd) | range |
|---|---|---|
|
Montgomery County Green Bank Corporation
Commercial Loan Underwriter
|
$139,852/yr
|
RANGE: $114,393 - $165,312
|
|
Frederick Fox
Underwriter (Commercial Real Estate)
|
$99,730/yr
|
RANGE: $85,193 - $114,267
|
|
Burke & Herbert Bank
Senior Commercial Underwriter
|
$100,716/yr
|
RANGE: $85,950 - $115,482
|
|
Travelers
Commercial Underwriter/Account Executive
|
$89,068/yr
|
RANGE: $74,290 - $103,847
|
|
Nano Banc
Commercial Loan Underwriter
|
$110,185/yr
|
RANGE: $90,832 - $129,537
|
|
REGIONAL federal credit union
Commercial Loan Underwriter
|
$83,559/yr
|
RANGE: $72,192 - $94,927
|
|
First Bank Texas
Commercial Credit Loan Underwriter
|
$76,289/yr
|
RANGE: $64,053 - $88,525
|
|
First Bank
Sr Commercial Loan Underwriter
|
$93,201/yr
|
RANGE: $78,778 - $107,624
|
|
Ascendo Resources
Commercial Loan Underwriter
|
$79,420/yr
|
RANGE: $66,895 - $91,944
|
|
ICAST
Commercial Loan Underwriter (Remote)
|
$128,030/yr
|
RANGE: $104,723 - $151,338
|
Top 10 Highest Paying Cities For Commercial Loan Underwriter Jobs in Maryland
It is important to understand how location impacts your career prospects in the United States.
There are some cities where a Commercial Loan Underwriter can find a job easily with a greater salary paid then achieve a higher standard of living.
Below is the top cities list for Commercial Loan Underwriter job salaries in Maryland.
Some cities can pay higher salaries for Commercial Loan Underwriter jobs, which can indicate that there is a large demand for Commercial Loan Underwriter positions in this city.
The following table shows top 10 cities where the Commercial Loan Underwriter salary is higher than other cities in Maryland.
Silver Spring takes first place in this list, followed by Bethesda, Potomac.
The Commercial Loan Underwriter salary is $109,663 in Silver Spring,
which is higher than the national average. There are 15 cities' Commercial Loan Underwriter salary higher than national average in Maryland.
The average salary for a Commercial Loan Underwriter in Maryland is $101,584,
but we found that the city with the highest salary for Commercial Loan Underwriter jobs is Silver Spring, MD, and it is higher than Bethesda.
Commercial Loan Underwriter 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 | $109,663 | $9,139 | $2,109 | $53 |
| Bethesda | $109,663 | $9,139 | $2,109 | $53 |
| Potomac | $109,663 | $9,139 | $2,109 | $53 |
| Rockville | $109,564 | $9,130 | $2,107 | $53 |
| Bowie | $109,466 | $9,122 | $2,105 | $53 |
| Waldorf | $109,367 | $9,114 | $2,103 | $53 |
| Gaithersburg | $109,367 | $9,114 | $2,103 | $53 |
| Germantown | $106,412 | $8,868 | $2,046 | $51 |
| Frederick | $105,820 | $8,818 | $2,035 | $51 |
| Baltimore | $101,288 | $8,441 | $1,948 | $49 |
What Does a Commercial Loan Underwriter Do?
Commercial underwriters typically work daytime business hours with paid holidays off, and primarily report to the loan department manager.
Updated December 19, 2021
Commercial underwriters are problem-solvers with an eye for detail and excellent customer service skills who process complex loan applications and create comprehensive loan agreements.
Updated December 18, 2021
To ensure a strong loan portfolio, commercial real estate underwriters need an in-depth understanding of asset performance early in the acquisition process.
Updated December 14, 2021
– commercial underwriters frequently use Microsoft Office, spreadsheets, and other software programs, all of which require computer skills.
Updated December 13, 2021
Some travel is required, as commercial underwriters may travel to meet with current and potential clients to discuss the details of financial agreements.
Updated December 06, 2021
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Explore JobArchitectFrequently Asked Questions About a Commercial Loan Underwriter Salaries
What is the average of a Commercial Loan Underwriter in Maryland?
The Commercial Loan Underwriter salary range is from $84,512 to $115,602, and the average Commercial Loan Underwriter salary is $101,584/year in Maryland.
The Commercial Loan Underwriter's salary will change in different locations.
Which location pays the highest Commercial Loan Underwriter salary in the United States?
The Commercial Loan Underwriter salary in San Jose, CA is $123,654
which is the highest in the US.
What kinds of reasons will influence the Commercial Loan Underwriter'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 Commercial Loan Underwriter.
What is the growth rate of the Commercial Loan Underwriter's salary?
If you are thinking of becoming a Commercial Loan Underwriter or planning the next step in your career, find the detailed salary report of a Commercial Loan Underwriter.
