Yes, loden is in the scrabble dictionary

...and is worth 8 points by itself.

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Loden Definition

noun

A deep olive green.
from The American Heritage Dictionary of the English Language, 4th Edition
A durable, water-repellent, coarse woolen fabric used chiefly for coats and jackets.
from The American Heritage Dictionary of the English Language, 4th Edition
A thick woolen cloth used for outer clothing.
from Free Scrabble Dictionary
A variable color averaging a dull grayish green.
from Free Scrabble Dictionary

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Top Words by points

Points

loden

6

2 letter words with LODEN

Points

do

3

od

3

no

2

ne

2

oe

2

on

2

de

3

lo

2

en

2

el

2

ed

3

3 letter words with LODEN

Points

one

3

nod

4

del

4

den

4

doe

4

dol

4

ode

4

old

4

don

4

led

4

ole

3

eon

3

end

4

eld

4

4 letter words with LODEN

Points

olde

5

lend

5

noel

4

node

5

lone

4

lode

5

leno

4

enol

4

done

5

dole

5

5 letter words with LODEN

Points

loden

6

olden

6

Found 37 words in 0.13103 seconds