Loan Officer salary in Fargo, ND-MN
Loan Officers in the Fargo, ND-MN metro area earn a median of $93,640 a year ($45.02 an hour), based on BLS data for 390 workers.
Pay ranges from $57,980 for the lowest-paid 10% to $146,640 for the top 10%. That is 22% higher than the national median of $76,690. Pay here is 11% higher than the North Dakota statewide median of $84,650. There are 2.6 loan officers per 1,000 jobs here — the job is 1.5× more common than nationally. The average (mean) salary is $96,200, above the median because a few high earners pull it up.
Pay range for loan officers in Fargo, ND-MN
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $57,980 | $27.88 |
| 25th percentile | $72,210 | $34.72 |
| Median | $93,640 | $45.02 |
| 75th percentile | $112,170 | $53.93 |
| 90th percentile (top earners) | $146,640 | $70.50 |
| Average (mean) | $96,200 | $46.25 |
Half of loan officers earn more than the median and half earn less. Percentiles show the spread: 10% earn less than the 10th percentile, and 10% earn more than the 90th.
Median paycheck, before taxes
| Pay period | Amount |
|---|---|
| Monthly | $7,803.33 |
| Semi-monthly (24 a year) | $3,901.67 |
| Biweekly (26 a year) | $3,601.54 |
| Weekly | $1,800.77 |
| Hourly | $45.02 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Minneapolis-St. Paul-Bloomington, MN-WI | $102,200 | 3,910 |
| Rochester, MN | $98,110 | 170 |
| Mankato, MN | $94,850 | 130 |
| Grand Forks, ND-MN | $92,820 | 100 |
| St. Cloud, MN | $92,570 | 300 |
| Bismarck, ND | $83,380 | 220 |
| Sioux Falls, SD-MN | $81,380 | 690 |
| Minot, ND | $79,720 | 100 |
| La Crosse-Onalaska, WI-MN | $76,370 | 170 |
| Duluth, MN-WI | $73,240 | 200 |
Highest-paying states for loan officers
| State | Median salary |
|---|---|
| Massachusetts | $101,600 |
| Connecticut | $95,730 |
| New York | $95,710 |
| Minnesota | $95,170 |
| Colorado | $94,520 |
| Oregon | $94,440 |
| New Jersey | $92,920 |
| District of Columbia | $92,890 |
| Vermont | $88,710 |
| Kansas | $86,970 |
See Loan Officer pay in every state or the North Dakota statewide figures.
Related jobs in Fargo, ND-MN
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $76,420 | $36.74 |
| Personal Financial Advisor | $75,900 | $36.49 |
| Financial and Investment Analysts | $79,930 | $38.43 |
| Credit Analyst | $83,720 | $40.25 |
| Insurance Underwriter | $74,130 | $35.64 |
| Financial Examiner | $91,080 | $43.79 |
| Tax Preparer | $65,320 | $31.40 |
| Property Appraisers and Assessors | $80,980 | $38.93 |
| Financial Risk Specialist | $76,940 | $36.99 |
| Financial Specialists, All Other | $61,110 | $29.38 |
| Project Management Specialist | $97,430 | $46.84 |
| Market Research Analysts and Marketing Specialists | $61,680 | $29.65 |
| Business Operations Specialists, All Other | $73,920 | $35.54 |
| Human Resources Specialist | $76,550 | $36.80 |
More: Business and Financial Operations Occupations · all salaries in Fargo, ND-MN
Source: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics, May 2025 estimates, occupation code 13-2072. Wages include base pay, tips, commissions and shift pay, but not overtime, bonuses or benefits, and exclude the self-employed.
Frequently asked questions
How much does a loan officer make in Fargo, ND-MN?
The median salary for loan officers in the Fargo, ND-MN metro area is $93,640 a year, or $45.02 an hour. Pay ranges from $57,980 for the lowest-paid 10% to $146,640 for the top 10%.
How much do the highest-paid loan officers make in Fargo, ND-MN?
The top 10% of loan officers in the Fargo, ND-MN metro area earn at least $146,640 a year. The top 25% earn $112,170 or more.
What is the starting pay for loan officers in Fargo, ND-MN?
Entry-level pay (the 10th percentile) is about $57,980 a year, and a quarter of loan officers earn $72,210 or less.
How many loan officers work in Fargo, ND-MN?
About 390 loan officers are employed in the Fargo, ND-MN metro area, not counting the self-employed.