Loan Officer Salary in Grand Forks, ND: $57,851 (2026)

Loan Officer Pay in Grand Forks: What to Expect (2026)

Grand Forks offers a median loan officer salary of $57,851, which is $1,315 below the North Dakota state average of $59,166. Compared to the national median of $65,740, Grand Forks pays below the national benchmark for this role.

One of Grand Forks's biggest advantages is its low cost of living at 88% of the national average. This means the $57,851 salary stretches further here — equivalent to roughly $65,740 in an average-cost city. This makes Grand Forks an attractive option for loan officers seeking strong real-dollar compensation.

The salary range for loan officers in Grand Forks spans from $30,976 at the 10th percentile to $135,344 at the 90th percentile — a $104,368 spread. Entry-level professionals start around $33,440, while senior loan officers with 8+ years of experience can earn up to $114,400. Grand Forks is a smaller market (pop. 56,588), which may mean fewer openings but also less competition for available positions.

Loan Officer Salary in Grand Forks by Experience

In Grand Forks, an entry-level loan officer earns around $33,440, while experienced professionals earn up to $114,400 per year. The local cost of living index is 88% of the national average.

Entry Level (0-2 yrs)

$33,440

$-4,560 vs national

Mid Level (3-7 yrs)

$58,080

$-7,920 vs national

Senior Level (8+ yrs)

$114,400

$-15,600 vs national

Percentile	Grand Forks	ND State	National
10th Percentile	$30,976	$31,680	$35,200
25th Percentile	$39,952	$40,860	$45,400
Median (50th)	$57,851	$59,166	$65,740
75th Percentile	$88,000	$90,000	$100,000
90th Percentile	$135,344	$138,420	$153,800

Percentile

Grand Forks

10th Percentile

$30,976

25th Percentile

$39,952

Median (50th)

$57,851

75th Percentile

$88,000

90th Percentile

$135,344

How to Become a Loan Officer in Grand Forks

Education

Most loan officer positions require a bachelor's degree. Grand Forks 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 Grand Forks may vary based on local industry and population growth.

Frequently Asked Questions: Loan Officer Salary in Grand Forks

How much does a Loan Officer make in Grand Forks, ND? ▼

The median loan officer salary in Grand Forks, North Dakota is $57,851 per year, which is 12% below the national median of $65,740. Salaries range from $30,976 (10th percentile) to $135,344 (90th percentile).

How much does a Loan Officer make per hour in Grand Forks? ▼

Based on the median annual salary of $57,851, a loan officer in Grand Forks earns approximately $28 per hour assuming a standard 2,080-hour work year.

How does Grand Forks compare to the North Dakota state average for loan officer pay? ▼

Grand Forks's median loan officer salary of $57,851 is 2.2% below the North Dakota state average of $59,166. The local cost of living index is 88% of the national average.

What is the cost of living in Grand Forks, ND? ▼

Grand Forks has a cost of living index of 88% compared to the national average. This means a loan officer salary of $57,851 in Grand Forks has more purchasing power than the same salary in an average-cost city.

What qualifications do I need to become a loan officer in Grand Forks? ▼

Most loan officer positions in Grand Forks 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.

Loan Officer Salary in Grand Forks, North Dakota