As of May 01, 2026, the average hourly pay of Loan Underwriter in the United States is $32. While Salary.com is seeing that Loan Underwriter salary in the US can go up to $41 or down to $25, but most earn between $28 and $37. Salary.com shows the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Underwriter in the United States.
| Percentile | Hourly Pay Rate | Location | Last Updated |
| 10th Percentile Loan Underwriter Salary | $25 | US | May 01, 2026 |
| 25th Percentile Loan Underwriter Salary | $28 | US | May 01, 2026 |
| 50th Percentile Loan Underwriter Salary | $32 | US | May 01, 2026 |
| 75th Percentile Loan Underwriter Salary | $37 | US | May 01, 2026 |
| 90th Percentile Loan Underwriter Salary | $41 | US | May 01, 2026 |
Review the job openings, similar jobs, level of education, and experience requirements for the Loan Underwriter job to confirm that it is the job you are seeking.
See user submitted job responsibilities for Loan Underwriter.
0 - 2 years experience
Bachelor's Degree
2 - 4 years experience
Bachelor's Degree
| Job Title | Experience | EDUCATION | Salary Compared to This Job |
|---|---|---|---|
| Job Title Mortgage Closer I | Experience 0 - 1 | EducationHigh School | Salary Compared to This Job |
| Job Title Mortgage Collector I | Experience 0 - 1 | EducationHigh School | Salary Compared to This Job |
| Job Title Mortgage Operations Associate Director | Experience | EducationBachelors | Salary Compared to This Job |
| Job Title Mortgage Underwriter II | Experience 2 - 4 | EducationBachelors | Salary Compared to This Job |
| Job Title Mortgage Underwriter III | Experience 4 - 7 | EducationBachelors | Salary Compared to This Job |
Core compensation
Includes base and short-term incentives
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