How to Become a Loan Officers in North Dakota
Loan Officers in North Dakota earn a median salary of $82,990/year, which is 12% above the national average. North Dakota has a state income tax of ~1.9%. After taxes and rent, a loan officers takes home approximately $4,017/month. Most positions require Bachelor's degree.
What a loan officers can afford in North Dakota
Becoming a loan officers in North Dakota
Meet education requirements
Loan Officers positions in North Dakota typically require Bachelor's degree. Programs are available at colleges and training institutions across North Dakota. Research accredited programs in your area.
Gain required experience
Many loan officers positions in North Dakota require hands-on experience through internships, apprenticeships, or entry-level roles. Look for training programs and mentorship opportunities in your metro area.
Obtain North Dakota licensure or certification
North Dakota may require specific licensing or professional certification for loan officerss. Requirements vary by state — contact the North Dakota Department of Labor or relevant licensing board for current requirements, exam schedules, and application procedures.
Find positions in North Dakota
North Dakota employs 1,370 loan officers. The highest concentrations are in Fargo and Grand Forks.
Loan Officers salary by metro area in North Dakota
| Metro area | Median | Hourly | Employment |
|---|---|---|---|
| Fargo | $90K | $43.2/hr | 380 |
| Grand Forks | $87K | $41.59/hr | 100 |
| Bismarck | $82K | $39.46/hr | 220 |
| Minot | $80K | $38.36/hr | 90 |
Loan Officers salary range in North Dakota
Loan Officers careers in other states
Frequently asked questions
How much does a loan officers make in North Dakota?▼
The median loan officers salary in North Dakota is $82,990 per year ($39.9/hr). This is 12% above the national median of $74,180. Salaries range from $54,910 to $142,450.
What are the requirements to become a loan officers in North Dakota?▼
Loan Officers positions in North Dakota typically require Bachelor's degree. North Dakota may have specific licensing or certification requirements. Check with the North Dakota licensing board or department of labor for current requirements.
Can a loan officers afford to live in North Dakota?▼
At the median salary of $82,990, a loan officers in North Dakota would take home approximately $5,429/month after taxes. With median 2-bedroom rent at $1,412/month, that's 26% of take-home pay going to housing. This is within the recommended 30% guideline.
What are the best cities for loan officers in North Dakota?▼
The highest paying metro areas for loan officers in North Dakota are Fargo ($89,860), Grand Forks ($86,510), Bismarck ($82,070). However, cost of living varies significantly between metros — a higher salary may not mean more purchasing power.
Does North Dakota have state income tax for loan officers?▼
Yes, North Dakota has a state income tax rate of approximately 1.9%. On a $82,990 salary, this means roughly $1,618/year in state income tax. Use our take-home pay calculator for a detailed breakdown.