Business & Finance Fargo, ND Pop. 125,990

Loan Officer Salary in Fargo, North Dakota

The median loan officer salary in Fargo, ND is $61,796 per year, which is 6% below the national median and 4.4% above the North Dakota state average.

City Median
$61,796
vs State Avg
+$2,630
vs National
$-3,944
Cost of Living
94%

Loan Officer Salary in Fargo by Experience

In Fargo, an entry-level loan officer earns around $35,720, while experienced professionals earn up to $122,200 per year. The local cost of living index is 94% of the national average.

Entry Level (0-2 yrs)
$35,720
$-2,280 vs national
Mid Level (3-7 yrs)
$62,040
$-3,960 vs national
Senior Level (8+ yrs)
$122,200
$-7,800 vs national

Salary Percentiles in Fargo, ND

Percentile Fargo
10th Percentile $33,088
25th Percentile $42,676
Median (50th) $61,796
75th Percentile $94,000
90th Percentile $144,572

Loan Officer Salary in Other North Dakota Cities

West Fargo, ND
$61,138
Pop. 38,626
Minot, ND
$60,481
Pop. 48,639
Bismarck, ND
$59,166
Pop. 73,529
Grand Forks, ND
$57,851
Pop. 56,588

How to Become a Loan Officer in Fargo

Education

Most loan officer positions require a bachelor's degree. Fargo and the surrounding North Dakota area have institutions offering relevant programs.

Key Skills

Credit AnalysisMortgage LendingCustomer ServiceRegulatory ComplianceSalesFinancial Software

Job Outlook

Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Demand in Fargo may vary based on local industry and population growth.

Find Loan Officer Jobs in Fargo

Browse open loan officer positions in Fargo, ND:

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Frequently Asked Questions: Loan Officer Salary in Fargo

How much does a Loan Officer make in Fargo, ND? ▼
The median loan officer salary in Fargo, North Dakota is $61,796 per year, which is 6% below the national median of $65,740. Salaries range from $33,088 (10th percentile) to $144,572 (90th percentile).
How much does a Loan Officer make per hour in Fargo? ▼
Based on the median annual salary of $61,796, a loan officer in Fargo earns approximately $30 per hour assuming a standard 2,080-hour work year.
How does Fargo compare to the North Dakota state average for loan officer pay? ▼
Fargo's median loan officer salary of $61,796 is 4.4% above the North Dakota state average of $59,166. The local cost of living index is 94% of the national average.
What is the cost of living in Fargo, ND? ▼
Fargo has a cost of living index of 94% compared to the national average. This means a loan officer salary of $61,796 in Fargo has more purchasing power than the same salary in an average-cost city.
What qualifications do I need to become a loan officer in Fargo? ▼
Most loan officer positions in Fargo require a bachelor's degree. Key skills include Credit Analysis, Mortgage Lending, Customer Service, Regulatory Compliance. The job market is projected to grow 3% nationally over the next decade.