As of March 01, 2026, the average salary for a Loan Underwriter I in North Java, NY is $57,151 per year, which breaks down to an hourly rate of $27.
However, a Loan Underwriter I's salary can vary significantly. Here’s a look at the typical salary range:
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A Loan Underwriter I's salary isn't a fixed number. It's shaped by several important factors. Below, we'll explore how your years of experience, geographic location, skills and company size can directly affect your earning potential.
Experience is a primary driver of a Loan Underwriter I's salary. As you build your skills and take on more complex tasks, your compensation generally increases. Here's how the average salary grows at different career stages:
| Job Role | Years of Experience | Average Salary |
|---|---|---|
| Loan Underwriter I | 0-2 years | $57,151 |
| Loan Underwriter II | 2-4 years | $66,747 |
| Loan Underwriter III | 4-7 years | $82,224 |
| Loan Underwriter IV | 7+ years | $99,838 |
| Loan Underwriting Supervisor | 7+ years | $91,874 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 18.89% |
| Commercial Loans | 2.27% |
| Billing | 1.5% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Portfolio Management
|
$77,153 |
35%
|
|
Decision Making
|
$77,153 |
35%
|
|
Balance Sheet
|
$77,153 |
35%
|
|
Integrity
|
$74,296 |
30%
|
|
Critical Thinking
|
$74,296 |
30%
|
|
Flexibility
|
$71,438 |
25%
|
Understanding how a Loan Underwriter I's annual salary breaks down can help with budgeting. Below, you can see the average hourly rate, weekly pay, and monthly pay for this role. Use the buttons to switch between different pay periods.
Last Updated on March 01, 2026For a Loan Underwriter I, the most direct path to higher earnings is advancing to the Loan Underwriter II role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $66,747 - a projected growth of 17% over your current level.
Ready to take the next step in your career? Browse thousands of current Loan Underwriter I job openings on our job board. Use the search bar below to find your perfect match.
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