As of March 01, 2025, the average annual salary for a Loan Underwriter I in New York is $66,740. Salary.com reports that pay typically ranges from $57,179 to $76,323, with most professionals earning between $48,473 and $85,047.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $71,597 | $5,966 | $1,377 | $34 |
| Average | $62,608 | $5,217 | $1,204 | $30 |
| 25th Percentile | $53,639 | $4,470 | $1,032 | $26 |
An entry-level Loan Underwriter I with under 1 year experience makes about $65,185. With less than 2 years of experience, a mid-level Loan Underwriter I makes around $66,172. After 2-4 years, the Loan Underwriter I pay rises to about $68,288. Those senior Loan Underwriter I with 5-8 years of experience earn roughly $68,712, and those Loan Underwriter I having 8 years or more experience are expected to earn about $68,994 on average.
| Levels | Salary |
|---|---|
| Entry Level Loan Underwriter I | $65,185 |
| Intermediate Level Loan Underwriter I | $66,172 |
| Senior Level Loan Underwriter I | $68,288 |
| Specialist Level Loan Underwriter I | $68,712 |
| Expert Level Loan Underwriter I | $68,994 |
| Entry Level | 4% |
| Mid Level | 6% |
| Senior Level | 9% |
| Top Level | 10% |
| Experienced | 10% |
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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 25.0% above. The lowest Loan Underwriter I salary is in Miami, FL, where the Loan Underwriter I salary is 3.5% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $78,260 |
25.0%
|
| Washington, DC | $69,683 |
11.3%
|
| Miami, FL | $60,417 |
|
| Chicago, IL | $65,676 |
4.9%
|
| Boston, MA | $70,184 |
12.1%
|
| New York, NY | $73,126 |
16.8%
|
