Loan Officer salary in Tennessee
Loan Officers in Tennessee earn a median of $62,800 a year ($30.19 an hour), based on BLS data for 6,510 workers.
Pay ranges from $38,240 for the lowest-paid 10% to $113,290 for the top 10%. That is 18% lower than the national median of $76,690. Tennessee ranks 44th of 51 states for loan officers pay. There are 2.0 loan officers per 1,000 jobs here — close to the national average. The average (mean) salary is $71,590, above the median because a few high earners pull it up.
Pay range for loan officers in Tennessee
| Pay level | Yearly | Hourly |
|---|---|---|
| 10th percentile (entry level) | $38,240 | $18.39 |
| 25th percentile | $47,250 | $22.72 |
| Median | $62,800 | $30.19 |
| 75th percentile | $81,600 | $39.23 |
| 90th percentile (top earners) | $113,290 | $54.47 |
| Average (mean) | $71,590 | $34.42 |
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 | $5,233.33 |
| Semi-monthly (24 a year) | $2,616.67 |
| Biweekly (26 a year) | $2,415.38 |
| Weekly | $1,207.69 |
| Hourly | $30.19 |
Based on a full-time year of 2,080 hours. Convert any amount with the hourly to salary converter.
Buying a home? On a $62,800 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 cities in Tennessee
| Metro area | Median salary | Workers |
|---|---|---|
| Knoxville, TN | $63,830 | 930 |
| Johnson City, TN | $63,590 | 190 |
| Memphis, TN-MS-AR | $63,250 | 930 |
| Nashville-Davidson--Murfreesboro--Franklin, TN | $62,800 | 1,770 |
| Chattanooga, TN-GA | $62,460 | 480 |
| Jackson, TN | $61,500 | 150 |
| Clarksville, TN-KY | $60,270 | 210 |
| Kingsport-Bristol, TN-VA | $60,250 | 260 |
| Cleveland, TN | $57,010 | 90 |
| 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 |
Related jobs in Tennessee
| Job | Median salary | Hourly |
|---|---|---|
| Accountants and Auditors | $76,840 | $36.94 |
| Financial and Investment Analysts | $92,990 | $44.71 |
| Personal Financial Advisor | $84,160 | $40.46 |
| Financial Specialists, All Other | $69,240 | $33.29 |
| Tax Examiners and Collectors, and Revenue Agents | $51,630 | $24.82 |
| Credit Analyst | $72,550 | $34.88 |
| Tax Preparer | $36,600 | $17.59 |
| Insurance Underwriter | $78,840 | $37.91 |
| Budget Analyst | $86,570 | $41.62 |
| Property Appraisers and Assessors | $62,350 | $29.98 |
| Credit Counselor | $38,730 | $18.62 |
| Financial Risk Specialist | $90,950 | $43.73 |
| Financial Examiner | $87,110 | $41.88 |
| Human Resources Specialist | $67,370 | $32.39 |
More: Business and Financial Operations Occupations · all salaries in Tennessee
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 Tennessee?
The median salary for loan officers in Tennessee is $62,800 a year, or $30.19 an hour. Pay ranges from $38,240 for the lowest-paid 10% to $113,290 for the top 10%.
How much do the highest-paid loan officers make in Tennessee?
The top 10% of loan officers in Tennessee earn at least $113,290 a year. The top 25% earn $81,600 or more.
What is the starting pay for loan officers in Tennessee?
Entry-level pay (the 10th percentile) is about $38,240 a year, and a quarter of loan officers earn $47,250 or less.
How many loan officers work in Tennessee?
About 6,510 loan officers are employed in Tennessee, not counting the self-employed.