What are the main factors that influence a Mortgage Underwriter II's salary?

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

How does experience change A Mortgage Underwriter 's salary?

A Mortgage Underwriter 's salary grows with experience: a Mortgage Underwriter I (0-2 years)earns $66,055, a Mortgage Underwriter II (2-4 years)earns $74,257, a Mortgage Underwriter III (4-7 years)earns $96,143, a Mortgage Underwriter IV (7+ years)earns $113,680, a Mortgage Underwriting Manager (7+ years)earns $112,532,

What are the highest paying states for a Mortgage Underwriter II?

Mortgage Underwriter II salary varies significantly by state. The top 3 highest paying states for Mortgage Underwriter II roles are District of Columbia $81,187, California $80,879, Massachusetts $79,801. These tech hubs typically pay 10-15% above the national average.

How much do different types of Mortgage Underwriter roles make?

Salaries for Mortgage Underwriter level roles vary by specialization: Specialist Mortgage Underwriter: $112,300; Mortgage Underwriter IV: $112,254; Senior Mortgage Underwriter: $95,000; Mortgage Underwriter III: $94,937; Remote Mortgage Underwriter: $94,303.

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Mortgage Underwriter II Salary in Delaware

How much does a Mortgage Underwriter II make in Delaware?

As of March 01, 2026, the average salary for a Mortgage Underwriter II in Delaware is $74,257 per year, which breaks down to an hourly rate of $36.

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

Top Earners (90th percentile): $91,445
Majority Range (25th-75th percentile): $64,744 to $83,254
Entry-Level (10th percentile): $56,083

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Mortgage Underwriter II Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$83,254	$6,938	$1,601	$40
Average	$74,257	$6,188	$1,428	$36
25th Percentile	$64,744	$5,395	$1,245	$31

You may get higher pay by adjusting the following factors:

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Key Factors That Influence Mortgage Underwriter II Salaries

A Mortgage 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 and company size can directly affect your earning potential.

How Experience Level Affects Mortgage Underwriter Salaries?

Experience is a primary driver of a Mortgage 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:

Mortgage Underwriter I (0-2 years): $66,055
Mortgage Underwriter II (2-4 years): $74,257
Mortgage Underwriter III (4-7 years): $96,143
Mortgage Underwriter IV (7+ years): $113,680
Mortgage Underwriting Manager (7+ years): $112,532

Job Role	Years of Experience	Average Salary
Mortgage Underwriter I	0-2 years	$66,055
Mortgage Underwriter II	2-4 years	$74,257
Mortgage Underwriter III	4-7 years	$96,143
Mortgage Underwriter IV	7+ years	$113,680
Mortgage Underwriting Manager	7+ years	$112,532

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What Am I Worth?

How Do Mortgage Underwriter II 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 Mortgage Underwriter IIs. For example, consider the average annual salaries in these key locations:

District of Columbia: $81,187.
California: $80,879.
Massachusetts: $79,801.

District of Columbia $81,187 California $80,879 Massachusetts $79,801 Washington $79,507 New Jersey $79,478 Alaska $79,375 Connecticut $78,363 New York $77,953

Hawaii $76,640 Rhode Island $76,024 Maryland $75,606 Minnesota $75,034 Colorado $74,815 Illinois $74,741 Oregon $74,463 Delaware $74,257

New Hampshire $74,128 Virginia $73,839 Pennsylvania $72,996 Nevada $72,571 North Dakota $72,431 Michigan $72,211 Wisconsin $72,131 Vermont $71,969

Texas $71,522 Maine $71,493 Arizona $71,449 Ohio $71,398 Georgia $70,723 Indiana $70,386 Wyoming $70,320 Utah $70,217

Iowa $70,173 Kansas $69,821 Louisiana $69,718 North Carolina $69,682 Missouri $69,667 Florida $69,381 Montana $69,227 Nebraska $69,080

Kentucky $69,000 South Carolina $68,706 Tennessee $68,523 Idaho $68,450 New Mexico $67,915 Oklahoma $67,797 Alabama $67,365 South Dakota $66,639

Arkansas $66,243 West Virginia $66,030 Mississippi $65,392

Top Paying Cities for Mortgage Underwriter IIs

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: $76,853
Little Creek: $76,142
Magnolia: $76,457

Lincoln, DE $76,853 Little Creek, DE $76,142 Magnolia, DE $76,457 Milford, DE $76,853 Marydel, DE $75,856 Millsboro, DE $76,853 Millville, DE $77,366 Milton, DE $76,853

Nassau, DE $76,853 Ocean View, DE $77,366 Rehoboth Beach, DE $77,366 Seaford, DE $76,046 Selbyville, DE $77,366 Smyrna, DE $75,768 Viola, DE $76,457 Woodside, DE $76,237

Bear, DE $75,210 Newark, DE $75,240 Claymont, DE $75,298 Delaware City, DE $75,240 Hockessin, DE $75,298 Kirkwood, DE $75,240 Middletown, DE $75,614 Montchanin, DE $75,298

New Castle, DE $75,298 Odessa, DE $75,716 Port Penn, DE $75,034 Rockland, DE $75,298 Saint Georges, DE $75,240 Townsend, DE $75,606 Winterthur, DE $75,298 Lewes, DE $76,853

Wilmington, DE $75,298 Dover, DE $76,105 Dover Afb, DE $76,281 Bethany Beach, DE $77,366 Bethel, DE $76,046 Bridgeville, DE $76,853 Camden Wyoming, DE $76,186 Cheswold, DE $75,929

Clayton, DE $75,738 Dagsboro, DE $77,366 Delmar, DE $76,046 Ellendale, DE $76,853 Felton, DE $76,853 Fenwick Island, DE $77,366 Frankford, DE $77,366 Frederica, DE $76,853

Georgetown, DE $76,853 Greenwood, DE $76,853 Harbeson, DE $76,853 Harrington, DE $76,853 Hartly, DE $75,702 Houston, DE $76,853 Kenton, DE $75,738 Laurel, DE $76,046

Yorklyn, DE $75,298

Mortgage Underwriter II Salary: Hourly Rate, Weekly Pay, and Monthly Pay

Understanding how a Mortgage 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 March 01, 2026

$64,744

Average $74,257/year

$83,254

$5,395

Average $6,188/month

$6,938

$1,245

Average $1,428/week

$1,601

$31

Average $36/hour

$40

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$83,254	$6,938	$1,601	$40
Average	$74,257	$6,188	$1,428	$36
25th Percentile	$64,744	$5,395	$1,245	$31

Mortgage Underwriter II Salary Growth & Career Path

Mortgage Underwriter II

Mortgage Underwriter III

Mortgage Underwriting Manager

For a Mortgage Underwriter II, the most direct path to higher earnings is advancing to the Mortgage Underwriter III role. This promotion typically comes with a significant pay increase, bringing the average annual salary to $96,143 - a projected growth of 29% over your current level.

Salaries of jobs related to Mortgage Underwriter II

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