Loan Officer salary in Chattanooga, TN-GA
Loan Officers in the Chattanooga, TN-GA metro area earn a median of $62,460 a year ($30.03 an hour), based on BLS data for 480 workers.
Pay ranges from $37,580 for the lowest-paid 10% to $113,290 for the top 10%. That is 19% lower than the national median of $76,690. Pay here is 1% lower than the Tennessee statewide median of $62,800. There are 1.8 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $70,670, above the median because a few high earners pull it up.
Pay range for loan officers in Chattanooga, TN-GA
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $37,580 | $18.07 |
| 25th percentile | $47,000 | $22.60 |
| Median | $62,460 | $30.03 |
| 75th percentile | $81,750 | $39.30 |
| 90th percentile (top earners) | $113,290 | $54.47 |
| Average (mean) | $70,670 | $33.98 |
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 | $5,205 |
| Semi-monthly (24 a year) | $2,602.50 |
| Biweekly (26 a year) | $2,402.31 |
| Weekly | $1,201.15 |
| Hourly | $30.03 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $62,460 salary, see how much house you can afford in Tennessee at today's mortgage rates, or work out a payment with the mortgage calculator.
Loan Officer salary in other metro areas nearby
| Metro area | Median salary | Workers |
|---|---|---|
| Brunswick-St. Simons, GA | $76,460 | 80 |
| Atlanta-Sandy Springs-Roswell, GA | $76,340 | 5,550 |
| Athens-Clarke County, GA | $64,780 | 140 |
| Knoxville, TN | $63,830 | 930 |
| Johnson City, TN | $63,590 | 190 |
| Warner Robins, GA | $63,270 | 130 |
| Memphis, TN-MS-AR | $63,250 | 930 |
| Valdosta, GA | $62,850 | 110 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | $62,800 | 1,770 |
| Rome, GA | $62,660 | 80 |
| Jackson, TN | $61,500 | 150 |
| Dalton, GA | $61,310 | 50 |
| Clarksville, TN-KY | $60,270 | 210 |
| Kingsport-Bristol, TN-VA | $60,250 | 260 |
| Savannah, GA | $59,980 | 230 |
| Macon-Bibb County, GA | $59,940 | 130 |
| Augusta-Richmond County, GA-SC | $59,660 | 270 |
| Cleveland, TN | $57,010 | 90 |
| Albany, GA | $55,550 | 110 |
| Columbus, GA-AL | $50,010 | 170 |
| Gainesville, GA | $47,610 | 170 |
| Morristown, TN | $47,130 | 50 |
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 Tennessee statewide figures.
Related jobs in Chattanooga, TN-GA
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $76,680 | $36.87 |
| Personal Financial Advisor | $75,300 | $36.20 |
| Financial and Investment Analysts | $90,320 | $43.42 |
| Financial Specialists, All Other | $74,360 | $35.75 |
| Tax Preparer | $44,560 | $21.42 |
| Insurance Underwriter | $102,460 | $49.26 |
| Property Appraisers and Assessors | $60,950 | $29.31 |
| Budget Analyst | $81,880 | $39.36 |
| Credit Analyst | $62,150 | $29.88 |
| Tax Examiners and Collectors, and Revenue Agents | $68,190 | $32.78 |
| Credit Counselor | $38,840 | $18.67 |
| Project Management Specialist | $87,240 | $41.94 |
| Human Resources Specialist | $61,660 | $29.65 |
| Management Analyst | $96,870 | $46.57 |
More: Business and Financial Operations Occupations · all salaries in Chattanooga, TN-GA
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 Chattanooga, TN-GA?
The median salary for loan officers in the Chattanooga, TN-GA metro area is $62,460 a year, or $30.03 an hour. Pay ranges from $37,580 for the lowest-paid 10% to $113,290 for the top 10%.
How much do the highest-paid loan officers make in Chattanooga, TN-GA?
The top 10% of loan officers in the Chattanooga, TN-GA metro area earn at least $113,290 a year. The top 25% earn $81,750 or more.
What is the starting pay for loan officers in Chattanooga, TN-GA?
Entry-level pay (the 10th percentile) is about $37,580 a year, and a quarter of loan officers earn $47,000 or less.
How many loan officers work in Chattanooga, TN-GA?
About 480 loan officers are employed in the Chattanooga, TN-GA metro area, not counting the self-employed.