What are the main factors that influence a Loan Underwriter III's salary?

The primary factors are: 1) Experience Level, 2) Geographic Location, 3) Education/Skills, 4) Company Size & Industry

How does experience change A Loan Underwriter 's salary?

A Loan Underwriter 's salary grows with experience: a Loan Underwriter I (0-2 years)earns $60,163, a Loan Underwriter II (2-4 years)earns $70,259, a Loan Underwriter III (4-7 years)earns $86,547, a Loan Underwriter IV (7+ years)earns $105,090, a Loan Underwriting Supervisor (7+ years)earns $96,707,

What are the highest paying states for a Loan Underwriter III?

Loan Underwriter III salary varies significantly by state. The top 3 highest paying states for Loan Underwriter III roles are District of Columbia $94,624, California $94,265, Massachusetts $93,008. These tech hubs typically pay 10-15% above the national average.

How much do different types of Loan Underwriter roles make?

Salaries for Loan Underwriter level roles vary by specialization: Loan Underwriter IV: $103,772; Commercial Loan Underwriter: $98,125; Mortgage Underwriter III: $94,944; Underwriter III: $92,693; Mortgage Loan Underwriter: $74,651.

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Loan Underwriter III Salary in Delaware

How much does a Loan Underwriter III make in Delaware?

As of May 01, 2026, the average salary for a Loan Underwriter III in Delaware is $86,547 per year, which breaks down to an hourly rate of $42.

However, a Loan Underwriter III's salary can vary significantly. Here’s a look at the typical salary range:

Top Earners (90th percentile): $91,858
Majority Range (25th-75th percentile): $81,747 to $89,327
Entry-Level (10th percentile): $77,377

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Loan Underwriter III Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$89,327	$7,444	$1,718	$43
Average	$86,547	$7,212	$1,664	$42
25th Percentile	$81,747	$6,812	$1,572	$39

You may get higher pay by adjusting the following factors:

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Key Factors That Influence Loan Underwriter III Salaries

A Loan Underwriter III'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 and company size can directly affect your earning potential.

How Experience Level Affects Loan Underwriter Salaries?

Experience is a primary driver of a Loan Underwriter III'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:

Loan Underwriter I (0-2 years): $60,163
Loan Underwriter II (2-4 years): $70,259
Loan Underwriter III (4-7 years): $86,547
Loan Underwriter IV (7+ years): $105,090
Loan Underwriting Supervisor (7+ years): $96,707

Job Role	Years of Experience	Average Salary
Loan Underwriter I	0-2 years	$60,163
Loan Underwriter II	2-4 years	$70,259
Loan Underwriter III	4-7 years	$86,547
Loan Underwriter IV	7+ years	$105,090
Loan Underwriting Supervisor	7+ years	$96,707

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How Do Loan Underwriter III Salaries Vary from State to State?

Your salary can change significantly depending on where you work. States with a higher cost of living and strong industrial sectors often pay more to attract Loan Underwriter IIIs. For example, consider the average annual salaries in these key locations:

District of Columbia: $94,624.
California: $94,265.
Massachusetts: $93,008.

District of Columbia $94,624 California $94,265 Massachusetts $93,008 Washington $92,666 New Jersey $92,632 Alaska $92,513 Connecticut $91,333 New York $90,855

Hawaii $89,325 Rhode Island $88,607 Maryland $88,120 Minnesota $87,453 Colorado $87,197 Illinois $87,111 Oregon $86,787 Delaware $86,547

New Hampshire $86,397 Virginia $86,060 Pennsylvania $85,077 Nevada $84,582 North Dakota $84,419 Michigan $84,163 Wisconsin $84,069 Vermont $83,881

Texas $83,360 Maine $83,325 Arizona $83,274 Ohio $83,214 Georgia $82,428 Indiana $82,035 Wyoming $81,958 Utah $81,838

Iowa $81,787 Kansas $81,377 Louisiana $81,257 North Carolina $81,215 Missouri $81,197 Florida $80,864 Montana $80,685 Nebraska $80,514

Kentucky $80,420 South Carolina $80,078 Tennessee $79,864 Idaho $79,779 New Mexico $79,155 Oklahoma $79,018 Alabama $78,514 South Dakota $77,668

Arkansas $77,206 West Virginia $76,959 Mississippi $76,215

Top Paying Cities for Loan Underwriter IIIs

Salaries can also vary between different cities. Major metropolitan areas or cities with a high demand for technicians often offer more competitive pay. Here are a few examples of average annual salaries in different U.S. cities:

Lincoln: $86,158
Little Creek: $86,788
Magnolia: $86,664

Lincoln, DE $86,158 Little Creek, DE $86,788 Magnolia, DE $86,664 Milford, DE $86,376 Marydel, DE $86,518 Millsboro, DE $85,796 Millville, DE $85,929 Milton, DE $86,077

Nassau, DE $86,140 Ocean View, DE $85,914 Rehoboth Beach, DE $86,079 Seaford, DE $86,128 Selbyville, DE $85,771 Smyrna, DE $86,848 Viola, DE $86,448 Woodside, DE $86,681

Bear, DE $86,481 Newark, DE $86,448 Claymont, DE $86,625 Delaware City, DE $86,535 Hockessin, DE $86,441 Kirkwood, DE $86,518 Middletown, DE $86,552 Montchanin, DE $86,460

New Castle, DE $86,473 Odessa, DE $86,594 Port Penn, DE $86,652 Rockland, DE $86,469 Saint Georges, DE $86,524 Townsend, DE $86,658 Winterthur, DE $86,479 Lewes, DE $86,111

Wilmington, DE $86,445 Dover, DE $86,788 Dover Afb, DE $86,331 Bethany Beach, DE $85,824 Bethel, DE $85,912 Bridgeville, DE $86,115 Camden Wyoming, DE $86,544 Cheswold, DE $86,760

Clayton, DE $86,763 Dagsboro, DE $85,764 Delmar, DE $85,626 Ellendale, DE $85,886 Felton, DE $86,370 Fenwick Island, DE $85,782 Frankford, DE $85,633 Frederica, DE $86,455

Georgetown, DE $85,731 Greenwood, DE $86,129 Harbeson, DE $85,823 Harrington, DE $86,260 Hartly, DE $86,529 Houston, DE $86,137 Kenton, DE $86,767 Laurel, DE $85,680

Yorklyn, DE $86,466

Loan Underwriter III Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Loan Underwriter III'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 May 01, 2026

$81,747

Average $86,547/year

$89,327

$6,812

Average $7,212/month

$7,444

$1,572

Average $1,664/week

$1,718

$39

Average $42/hour

$43

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$89,327	$7,444	$1,718	$43
Average	$86,547	$7,212	$1,664	$42
25th Percentile	$81,747	$6,812	$1,572	$39

Loan Underwriter III Salary Growth & Career Path

Loan Underwriter III

Mortgage Underwriter IV

Loan Underwriter IV

Mortgage Underwriting Manager

Loan Underwriting Director

Promotions are the fastest way to increase your earnings. As a Loan Underwriter III, you have the following paths for advancement. The table below compares the salary raises for common next-step roles. By comparing these figures, you can choose the career path that best meets your financial goals.

Loan Underwriter III Salary Growth and Career Path
Next Step Role	Estimate Salary	Projected Raise
Mortgage Underwriter IV	$113,701	31%
Loan Underwriter IV	$105,090	21%

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