Loan Officer Salary in Tennessee
The median loan officer salary in Tennessee is $58,509 per year, which is 11% below the national median of $65,740.
Loan Officer Salary Overview in Tennessee (2026)
Tennessee ranks #41 out of 50 states for loan officer compensation. Loan Officer salaries in Tennessee are below the national median, though the lower cost of living can offset the difference. At $58,509 per year, loan officers in Tennessee earn $7,231 less than the national median of $65,740.
A key advantage of working in Tennessee is its below-average cost of living (89% of the national index). This means the $58,509 salary has the purchasing power of roughly $65,740 in an average-cost area.
The salary spread in Tennessee is significant: loan officers at the 10th percentile earn $31,328, while those at the 90th percentile bring home $136,882 — a $105,554 gap that reflects differences in experience, specialization, employer type, and metro area. The highest-paying city in Tennessee for this role is Nashville, where the median reaches $65,740.
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). This steady growth indicates stable demand for loan officers across the country.
Loan Officer Salary in Tennessee by Experience
In Tennessee, an entry-level loan officer earns around $33,820, while experienced professionals earn up to $115,700 per year. The cost of living index in Tennessee is 89% of the national average.
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Check Your Rate — No Credit Impact →Salary Percentiles in Tennessee
| Percentile | TN Salary |
|---|---|
| 10th Percentile | $31,328 |
| 25th Percentile | $40,406 |
| Median (50th) | $58,509 |
| 75th Percentile | $89,000 |
| 90th Percentile | $136,882 |
Loan Officer Salary by City in Tennessee
The largest employment areas for loan officers in Tennessee include Nashville, Memphis, Knoxville, and Chattanooga. Salaries vary by city based on local cost of living and demand.
How to Become a Loan Officer in Tennessee
Education
Most loan officer positions require a bachelor's degree. Tennessee has several accredited institutions offering relevant programs.
Key Skills
Job Outlook in Tennessee
Nationally, loan officer employment is projected to grow 3% over the next decade (as fast as average). Tennessee's demand may vary based on local industry trends.
Negotiate Your Way to Senior Pay
Data shows Loan Officers who negotiate earn 7–15% more. A single negotiation could add $57,191 over your career trajectory.
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