As of April 01, 2026, the average salary for a Loan Underwriter II in Ruby, VA is $76,467 per year, which breaks down to an hourly rate of $37.
However, a Loan Underwriter II's salary can vary significantly. Here’s a look at the typical salary range:
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A Loan Underwriter II'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 II'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 | $65,476 |
| Loan Underwriter II | 2-4 years | $76,467 |
| Loan Underwriter III | 4-7 years | $94,197 |
| Loan Underwriter IV | 7+ years | $114,377 |
| Loan Underwriting Supervisor | 7+ years | $105,253 |
What Am I Worth?
Demanded Skills for the Role:
| Skills | Demand Percentage |
|---|---|
| Analysis | 18.91% |
| Commercial Loans | 2.27% |
| Billing | 1.5% |
| Skill | Salary | Salary % Increase |
|---|---|---|
|
Critical Thinking
|
$120,054 |
57%
|
|
Loan Review
|
$92,525 |
21%
|
|
Analysis
|
$92,525 |
21%
|
|
Billing
|
$89,467 |
17%
|
|
Cash Flow Analysis
|
$88,702 |
16%
|
|
Flexibility
|
$88,702 |
16%
|
Understanding how a Loan Underwriter II'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 April 01, 2026For a Loan Underwriter II, the most direct path to higher earnings is advancing to the Loan Underwriter III role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $94,197 - a projected growth of 23% over your current level.
Ready to take the next step in your career? Browse thousands of current Loan Underwriter II job openings on our job board. Use the search bar below to find your perfect match.
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