The average salary for a loan officer in Tennessee is around $62,800 per year.
Avg Salary
Loan officers earn an average yearly salary of $62,800.
Wages typically start from $38,240 and go up to $113,290.
9% above national average Updated in 2025
Loan officer earnings by seniority
90th percentile
Top-level loan officer earnings begin at:
$54.47 per hour
$113,290 per year
75th percentile
Senior-level loan officer earnings begin at:
$39.23 per hour
$81,600 per year
50th percentile
Mid-level loan officer earnings begin at:
$30.19 per hour
$62,800 per year
25th percentile
Junior-level loan officer earnings begin at:
$22.72 per hour
$47,250 per year
10th percentile
Starting level loan officer earnings begin at:
$18.39 per hour
$38,240 per year
Approximate values based on highest and lowest earning segments.
Loan officer salary by state
| State Name | Average Salary |
|---|---|
| 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 |
| North Dakota | $84,650 |
| Iowa | $83,670 |
| Delaware | $83,130 |
| Maine | $81,900 |
| California | $81,770 |
| New Hampshire | $80,660 |
| Washington | $80,120 |
| South Dakota | $79,920 |
| Nebraska | $79,840 |
| Wyoming | $79,620 |
| Illinois | $79,150 |
| Virginia | $78,320 |
| Wisconsin | $78,290 |
| Rhode Island | $77,250 |
| Ohio | $76,370 |
| North Carolina | $75,920 |
| Michigan | $74,470 |
| Missouri | $73,660 |
| Maryland | $73,580 |
| Oklahoma | $72,990 |
| Indiana | $72,960 |
| Alaska | $72,800 |
| Montana | $71,570 |
| Florida | $71,090 |
| Idaho | $71,070 |
| Arkansas | $70,260 |
| Pennsylvania | $69,300 |
| Georgia | $68,490 |
| Alabama | $66,710 |
| Texas | $66,370 |
| Nevada | $64,500 |
| Hawaii | $63,740 |
| South Carolina | $63,220 |
| Tennessee | $62,800 |
| New Mexico | $62,610 |
| Arizona | $62,160 |
| Kentucky | $62,090 |
| Louisiana | $61,110 |
| Mississippi | $60,260 |
| Utah | $59,440 |
| West Virginia | $57,580 |
| Guam | $38,630 |
| Puerto Rico | $30,080 |
| Massachusetts | $101,600 |
How do loan officer salaries compare to similar careers?
Loan officers earn about the same as related careers in Tennessee. On average, they make less than risk management specialists but more than financial clerks.
| Career | Median Salary |
|---|---|
| Risk management specialist salary | $69K |
| Investment banker salary | $69K |
| Financial quantitative analyst salary | $69K |
| Fraud analyst salary | $69K |
| Insurance appraiser salary | $67K |
| Loan officer salary | $63K |
| Fundraiser salary | $61K |
| Revenue agent salary | $52K |
| Credit counselor salary | $39K |
| Financial clerk salary | $48K |
Source: CareerExplorer (Aggregated)