As of April 01, 2025, the average annual salary for a Mortgage Underwriter I in Virginia is $61,974. Salary.com reports that pay typically ranges from $55,964 to $66,333, with most professionals earning between $50,492 and $70,302.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $66,333 | $5,528 | $1,276 | $32 |
| Average | $61,974 | $5,164 | $1,192 | $30 |
| 25th Percentile | $55,964 | $4,664 | $1,076 | $27 |
An entry-level Mortgage Underwriter I with under 1 year experience makes about $61,525. With less than 2 years of experience, a mid-level Mortgage Underwriter I makes around $62,104. After 2-4 years, the Mortgage Underwriter I pay rises to about $63,080. Those senior Mortgage Underwriter I with 5-8 years of experience earn roughly $63,275, and those Mortgage Underwriter I having 8 years or more experience are expected to earn about $63,405 on average.
| Levels | Salary |
|---|---|
| Entry Level Mortgage Underwriter I | $61,525 |
| Intermediate Level Mortgage Underwriter I | $62,104 |
| Senior Level Mortgage Underwriter I | $63,080 |
| Specialist Level Mortgage Underwriter I | $63,275 |
| Expert Level Mortgage Underwriter I | $63,405 |
| Entry Level | 0% |
| Mid Level | 1% |
| Senior Level | 2% |
| Top Level | 3% |
| Experienced | 3% |
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Mortgage Underwriter I salary varies from city to city. Compared with national average salary of Mortgage Underwriter I, the highest Mortgage Underwriter I salary is in San Francisco, CA, where the Mortgage Underwriter I salary is 24.9% above. The lowest Mortgage Underwriter I salary is in Miami, FL, where the Mortgage Underwriter I salary is 3.9% lower than national average salary.
| City, State | Price | Compared to national average |
|---|---|---|
| San Francisco, CA | $76,861 |
24.9%
|
| Washington, DC | $68,140 |
10.7%
|
| Miami, FL | $59,131 |
|
| Chicago, IL | $63,599 |
3.3%
|
| Boston, MA | $68,639 |
11.5%
|
| New York, NY | $71,322 |
15.9%
|
