Mortgage Underwriter Salary in New Mexico

How much does a Mortgage Underwriter make in New Mexico?

As of April 01, 2026, the average salary for a Mortgage Underwriter in New Mexico is $69,513 per year, which breaks down to an hourly rate of $33.

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

Top Earners (90th percentile): $85,610
Majority Range (25th-75th percentile): $60,837 to $77,939
Entry-Level (10th percentile): $52,938

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Mortgage Underwriter Salaries by Percentile

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$77,939	$6,495	$1,499	$37
Average	$69,513	$5,793	$1,337	$33
25th Percentile	$60,837	$5,070	$1,170	$29

You may get higher pay by adjusting the following factors:

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Key Factors That Influence Mortgage Underwriter Salaries

A Mortgage Underwriter'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'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:

Entry-Level (less than 1 year): $61,293
Early Career (1-2 years): $68,893
Mid-Level (2-4 years): $89,201
Senior-Level (5-8 years): $105,476
Expert (over 8 years): $104,402

Levels	Salary
Mortgage ... Level Mortgage Underwriter	$61,293
Mortgage ... Level Mortgage Underwriter	$68,893
Mortgage ... Level Mortgage Underwriter	$89,201
Mortgage ... Level Mortgage Underwriter	$105,476
Mortgage ... Level Mortgage Underwriter	$104,402

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What Am I Worth?

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

District of Columbia: $83,097.
California: $82,782.
Massachusetts: $81,679.

District of Columbia $83,097 California $82,782 Massachusetts $81,679 Washington $81,379 New Jersey $81,349 Alaska $81,244 Connecticut $80,208 New York $79,788

Hawaii $78,444 Rhode Island $77,814 Maryland $77,386 Minnesota $76,801 Colorado $76,575 Illinois $76,500 Oregon $76,215 Delaware $76,005

New Hampshire $75,873 Virginia $75,577 Pennsylvania $74,714 Nevada $74,279 North Dakota $74,136 Michigan $73,911 Wisconsin $73,828 Vermont $73,663

Texas $73,206 Maine $73,176 Arizona $73,130 Ohio $73,078 Georgia $72,387 Indiana $72,042 Wyoming $71,975 Utah $71,870

Iowa $71,825 Kansas $71,464 Louisiana $71,359 North Carolina $71,322 Missouri $71,307 Florida $71,014 Montana $70,856 Nebraska $70,706

Kentucky $70,624 South Carolina $70,324 Tennessee $70,136 Idaho $70,061 New Mexico $69,513 Oklahoma $69,393 Alabama $68,950 South Dakota $68,207

Arkansas $67,802 West Virginia $67,584 Mississippi $66,931

Top Paying Cities for Mortgage Underwriters

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:

Algodones: $69,663
Belen: $69,438
Bernalillo: $70,038

Algodones, NM $69,663 Belen, NM $69,438 Bernalillo, NM $70,038 Bluewater, NM $69,438 Bosque, NM $69,438 Casa Blanca, NM $69,438 Cedar Crest, NM $70,113 Cedarvale, NM $69,438

Cerrillos, NM $69,663 Claunch, NM $69,438 Coyote, NM $69,798 Cuba, NM $69,798 Cubero, NM $69,438 Edgewood, NM $69,513 Estancia, NM $69,438 Gallina, NM $69,798

Counselor, NM $69,798 Grants, NM $69,438 Milan, NM $69,438 Isleta, NM $70,188 Jarales, NM $69,438 Jemez Pueblo, NM $69,566 Jemez Springs, NM $69,738 Laguna, NM $69,438

La Jara, NM $69,798 La Joya, NM $69,438 Lindrith, NM $69,798 Los Lunas, NM $69,888 Mcintosh, NM $69,438 Pueblo Of Acoma, NM $69,438 Moriarty, NM $69,460 Mountainair, NM $69,438

Nageezi, NM $69,618 New Laguna, NM $69,438 Paguate, NM $69,438 Pena Blanca, NM $69,858 Peralta, NM $69,963 Placitas, NM $69,813 Ponderosa, NM $69,738 Prewitt, NM $69,438

Regina, NM $69,798 Sandia Park, NM $70,038 Corrales, NM $70,489 San Fidel, NM $69,438 San Rafael, NM $69,438 Santo Domingo Pueblo, NM $69,656 San Ysidro, NM $69,505 Stanley, NM $69,618

Tijeras, NM $70,113 Tome, NM $69,513 Torreon, NM $69,438 Veguita, NM $69,438 Willard, NM $69,438 Youngsville, NM $69,798 Bosque Farms, NM $70,113 Clines Corners, NM $69,618

Cochiti Pueblo, NM $69,866 Cochiti Lake, NM $69,971 Albuquerque, NM $70,564 Kirtland Afb, NM $70,564 Rio Rancho, NM $70,339 Gallup, NM $69,438 Brimhall, NM $69,438 Church Rock, NM $69,438

Continental Divide, NM $69,438 Crownpoint, NM $69,438 Fence Lake, NM $69,438 Fort Wingate, NM $69,438 Gamerco, NM $69,438 Mentmore, NM $69,438 Mexican Springs, NM $69,438 Ramah, NM $69,438

Rehoboth, NM $69,438 Thoreau, NM $69,438 Tohatchi, NM $69,438 Vanderwagen, NM $69,438 Zuni, NM $69,438 Navajo, NM $70,444 Jamestown, NM $69,438 Pinehill, NM $69,438

Sheep Springs, NM $69,438 Smith Lake, NM $69,438 Yatahey, NM $69,438 Farmington, NM $69,618 Aztec, NM $69,618 Blanco, NM $69,618 Bloomfield, NM $69,618 Flora Vista, NM $69,618

Fruitland, NM $69,618 Kirtland, NM $69,618 La Plata, NM $69,618 Navajo Dam, NM $69,798 Shiprock, NM $69,618 Waterflow, NM $69,618 Newcomb, NM $69,438 Sanostee, NM $69,618

Santa Fe, NM $70,924 Abiquiu, NM $69,798 Alcalde, NM $69,798 Amalia, NM $69,798 Arroyo Hondo, NM $69,798 Arroyo Seco, NM $69,798 Canjilon, NM $69,798 Canones, NM $69,798

Carson, NM $69,798 Cebolla, NM $69,798 Cerro, NM $69,798 Chama, NM $69,798 Chamisal, NM $69,798 Chimayo, NM $70,173 Cordova, NM $70,023 Costilla, NM $69,798

Taos Ski Valley, NM $69,798 Dixon, NM $69,798 Dulce, NM $69,798 El Prado, NM $69,798 El Rito, NM $69,798 Embudo, NM $69,798 Espanola, NM $70,098 Glorieta, NM $70,624

Hernandez, NM $69,798 Ilfeld, NM $69,798 La Madera, NM $69,798 Lamy, NM $70,474 Llano, NM $69,798 Los Alamos, NM $70,023 White Rock, NM $70,474 Medanales, NM $69,798

Ojo Caliente, NM $69,798 Los Ojos, NM $69,798 Pecos, NM $70,248 Penasco, NM $69,798 Petaca, NM $69,798 Questa, NM $69,798 Ranchos De Taos, NM $69,798 Red River, NM $69,798

Ribera, NM $69,798 Rowe, NM $70,023 San Cristobal, NM $69,798 San Jose, NM $69,873 Ohkay Owingeh, NM $69,798 Santa Cruz, NM $70,173 Serafina, NM $69,798 Taos, NM $69,798

Tererro, NM $70,399 Tesuque, NM $70,924 Tierra Amarilla, NM $69,798 Trampas, NM $69,798 Tres Piedras, NM $69,798 Truchas, NM $69,798 Vadito, NM $69,798 Valdez, NM $69,798

Vallecitos, NM $69,798 Velarde, NM $69,798 Villanueva, NM $69,798 Spaceport City, NM $63,892 Las Vegas, NM $69,798 Angel Fire, NM $69,798 Anton Chico, NM $69,798 Buena Vista, NM $69,798

Chacon, NM $69,798 Cimarron, NM $69,798 Cleveland, NM $69,798 Eagle Nest, NM $69,798 Guadalupita, NM $69,798 Holman, NM $69,798 La Loma, NM $69,798 Maxwell, NM $69,798

Miami, NM $69,798 Mills, NM $69,798 Montezuma, NM $69,798 Mora, NM $69,798 Mosquero, NM $69,798 Ocate, NM $69,798 Ojo Feliz, NM $69,798 Rainsville, NM $69,798

Raton, NM $71,885 Rociada, NM $69,798 Roy, NM $69,798 Sapello, NM $69,798 Solano, NM $69,798 Springer, NM $69,798 Ute Park, NM $69,798 Valmora, NM $69,798

Wagon Mound, NM $69,798 Watrous, NM $69,798 Socorro, NM $69,438 Aragon, NM $69,438 Datil, NM $69,438 Lemitar, NM $69,438 Luna, NM $69,295 Magdalena, NM $69,438

Pie Town, NM $69,438 Polvadera, NM $69,438 Quemado, NM $69,438 Reserve, NM $67,922 San Acacia, NM $69,438 San Antonio, NM $67,629 Truth Or Consequences, NM $63,892 Arrey, NM $63,892

Caballo, NM $63,892 Derry, NM $63,892 Elephant Butte, NM $63,892 Garfield, NM $63,892 Hatch, NM $63,892 Monticello, NM $64,852 Rincon, NM $63,892 Salem, NM $63,892

Williamsburg, NM $63,892 Winston, NM $63,892 Las Cruces, NM $65,017 White Sands Missile Range, NM $64,492 Santa Teresa, NM $65,273 Playas, NM $63,892 Animas, NM $67,164 Anthony, NM $65,032

Arenas Valley, NM $63,892 Bayard, NM $63,892 Berino, NM $64,267 Buckhorn, NM $63,892 Santa Clara, NM $63,892 Chamberino, NM $64,267 Cliff, NM $63,892 Columbus, NM $64,319

Deming, NM $63,892 Dona Ana, NM $65,017 Fairacres, NM $64,417 Faywood, NM $63,892 Fort Bayard, NM $63,892 Gila, NM $63,892 Glenwood, NM $67,164 Hachita, NM $63,892

Hanover, NM $63,892 Hillsboro, NM $63,892 Hurley, NM $63,892 La Mesa, NM $64,717 Lordsburg, NM $63,892 Mesilla, NM $65,017 Mesilla Park, NM $65,017 Mesquite, NM $64,942

Mimbres, NM $63,892 Mule Creek, NM $67,164 Organ, NM $64,867 Pinos Altos, NM $63,892 Radium Springs, NM $64,567 Redrock, NM $63,892 Rodeo, NM $70,444 San Miguel, NM $64,942

Silver City, NM $63,892 Sunland Park, NM $65,355 Tyrone, NM $63,892 Vado, NM $64,642 Chaparral, NM $64,995 Clovis, NM $67,029 Cannon Afb, NM $67,029 Broadview, NM $67,659

Causey, NM $66,398 Crossroads, NM $66,398 Dora, NM $66,398 Elida, NM $66,398 Floyd, NM $66,398 Fort Sumner, NM $69,798 Grady, NM $67,659 House, NM $67,659

Kenna, NM $66,398 Lingo, NM $66,398 Melrose, NM $67,029 Milnesand, NM $66,398 Pep, NM $66,398 Portales, NM $66,398 Rogers, NM $66,398 Saint Vrain, NM $67,029

Taiban, NM $67,952 Texico, NM $67,029 Yeso, NM $69,618 Roswell, NM $65,820 Artesia, NM $65,820 Caprock, NM $66,398 Carlsbad, NM $65,820 Dexter, NM $65,820

Eunice, NM $66,398 Hagerman, NM $65,820 Hobbs, NM $66,398 Hope, NM $65,820 Jal, NM $66,398 Lake Arthur, NM $65,820 Lakewood, NM $65,820 Loco Hills, NM $65,820

Loving, NM $65,820 Lovington, NM $66,398 Mcdonald, NM $66,398 Malaga, NM $65,820 Maljamar, NM $66,106 Monument, NM $66,398 Tatum, NM $66,398 Whites City, NM $65,820

Carrizozo, NM $65,820 Alamogordo, NM $66,946 Alto, NM $65,820 Bent, NM $66,346 Capitan, NM $65,820 Cloudcroft, NM $66,721 Corona, NM $69,438 Encino, NM $69,618

Fort Stanton, NM $65,820 Glencoe, NM $65,820 High Rolls Mountain Park, NM $66,946 Holloman Air Force Base, NM $66,946 Hondo, NM $65,820 La Luz, NM $66,946 Lincoln, NM $65,820 Mayhill, NM $65,820

Mescalero, NM $66,196 Nogal, NM $65,820 Orogrande, NM $64,920 Picacho, NM $65,820 Pinon, NM $65,820 Ruidoso, NM $65,820 Ruidoso Downs, NM $65,820 Sacramento, NM $65,895

San Patricio, NM $65,820 Sunspot, NM $66,796 Timberon, NM $65,895 Tinnie, NM $65,820 Tularosa, NM $66,721 Vaughn, NM $69,618 Weed, NM $65,820 Tucumcari, NM $67,659

Amistad, NM $67,659 Bard, NM $67,659 Capulin, NM $71,885 Clayton, NM $67,659 Conchas Dam, NM $68,725 Cuervo, NM $69,798 Des Moines, NM $71,885 Folsom, NM $71,885

Garita, NM $69,798 Gladstone, NM $69,798 Grenville, NM $69,768 Logan, NM $67,659 Mcalister, NM $67,659 Nara Visa, NM $67,659 Newkirk, NM $69,798 Quay, NM $67,659

San Jon, NM $67,659 Santa Rosa, NM $69,798 Sedan, NM $67,659 Trementina, NM $69,798

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

Understanding how a Mortgage Underwriter'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, 2026

$60,837

Average $69,513/year

$77,939

$5,070

Average $5,793/month

$6,495

$1,170

Average $1,337/week

$1,499

$29

Average $33/hour

$37

	Annual Salary	Monthly Pay	Weekly Pay	Hourly Wage
75th Percentile	$77,939	$6,495	$1,499	$37
Average	$69,513	$5,793	$1,337	$33
25th Percentile	$60,837	$5,070	$1,170	$29

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