The average salary for a loan officer in Tennessee is around $54,490 per year.
Avg Salary
This is 2% above the national average. Updated in 2018.
Loan officers earn an average yearly salary of $54,490. Wages typically start from $29,480 and go up to $114,660.
Loan officer earnings by seniority
Approximate values based on highest and lowest earning segments.
Loan officer salary by state
| State Name | Average Salary |
|---|---|
| Connecticut | $88,768 |
| Illinois | $81,620 |
| New York | $78,520 |
| District of Columbia | $74,840 |
| Massachusetts | $70,090 |
| Kansas | $75,462 |
| New Hampshire | $76,430 |
| New Jersey | $73,180 |
| Maryland | $68,060 |
| Texas | $68,710 |
| Hawaii | $66,666 |
| Nebraska | $75,800 |
| Virginia | $63,860 |
| Nevada | $60,630 |
| Minnesota | $72,030 |
| Kentucky | $67,450 |
| Florida | $67,760 |
| Pennsylvania | $66,807 |
| Oregon | $64,610 |
| Missouri | $68,010 |
| Maine | $64,110 |
| Georgia | $54,690 |
| Washington | $60,540 |
| California | $60,420 |
| North Dakota | $67,610 |
| Wisconsin | $62,850 |
| North Carolina | $62,360 |
| Ohio | $64,770 |
| Colorado | $61,010 |
| Delaware | $60,140 |
| Idaho | $59,677 |
| Wyoming | $61,860 |
| Rhode Island | $60,460 |
| South Carolina | $60,250 |
| Iowa | $61,518 |
| Oklahoma | $61,230 |
| Indiana | $57,023 |
| Alaska | $56,980 |
| Vermont | $58,650 |
| Arizona | $52,696 |
| Mississippi | $57,500 |
| Montana | $57,840 |
| Tennessee | $54,490 |
| New Mexico | $51,460 |
| Arkansas | $55,514 |
| South Dakota | $59,520 |
| Alabama | $53,488 |
| Utah | $45,470 |
| Louisiana | $48,230 |
| West Virginia | $48,820 |
| Guam | $45,840 |
| Puerto Rico | $29,150 |
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 credit counselors.
| Career | Median Salary |
|---|---|
| Risk management specialist salary | $57K |
| Investment banker salary | $57K |
| Fraud analyst salary | $57K |
| Financial quantitative analyst salary | $57K |
| Credit analyst salary | $57K |
| Loan officer salary | $54K |
| Cost estimator salary | $59K |
| Revenue agent salary | $56K |
| Social fundraiser salary | $50K |
| Credit counselor salary | $37K |
Source: CareerExplorer (Aggregated)