As of April 01, 2025, the average annual salary for a Loan Underwriter I in District of Columbia is $69,401. Salary.com reports that pay typically ranges from $59,454 to $79,363, with most professionals earning between $50,398 and $88,432.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $71,679 | $5,973 | $1,378 | $34 |
| Average | $62,681 | $5,223 | $1,205 | $30 |
| 25th Percentile | $53,698 | $4,475 | $1,033 | $26 |
An entry-level Loan Underwriter I with under 1 year experience makes about $67,704. With less than 2 years of experience, a mid-level Loan Underwriter I makes around $68,729. After 2-4 years, the Loan Underwriter I pay rises to about $70,928. Those senior Loan Underwriter I with 5-8 years of experience earn roughly $71,368, and those Loan Underwriter I having 8 years or more experience are expected to earn about $71,661 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Underwriter I | $67,704 |
| Intermediate Level Loan Underwriter I | $68,729 |
| Senior Level Loan Underwriter I | $70,928 |
| Specialist Level Loan Underwriter I | $71,368 |
| Expert Level Loan Underwriter I | $71,661 |
| Entry Level | 8% |
| Mid Level | 10% |
| Senior Level | 13% |
| Top Level | 14% |
| Experienced | 14% |
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Loan Underwriter I salary varies from city to city. Compared with national average salary of Loan Underwriter I, the highest Loan Underwriter I salary is in San Francisco, CA, where the Loan Underwriter I salary is 24.9% above. The lowest Loan Underwriter I salary is in Miami, FL, where the Loan Underwriter I salary is 3.9% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $78,283 |
24.9%
|
| Washington, DC | $69,401 |
10.7%
|
| Miami, FL | $60,224 |
|
| Chicago, IL | $64,775 |
3.3%
|
| Boston, MA | $69,909 |
11.5%
|
| New York, NY | $72,641 |
15.9%
|
