How much does a Loan Underwriter make?

As of March 01, 2025, the average annual salary for a Loan Underwriter in the United States is $61,554. Salary.com reports that pay typically ranges from $53,403 to $72,312, with most professionals earning between $45,981 and $82,107.

Based on HR-reported data: a national average with a geographic differential
Loan Underwriter Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Loan Underwriter Salary $45,981 US March 01, 2025
25th Percentile Loan Underwriter Salary $53,403 US March 01, 2025
50th Percentile Loan Underwriter Salary $61,554 US March 01, 2025
75th Percentile Loan Underwriter Salary $72,312 US March 01, 2025
90th Percentile Loan Underwriter Salary $82,107 US March 01, 2025
25% $53,403 10% $45,981 90% $82,107 75% $72,312 $61,554 50%(Median) Didn’t find job title? Click
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Loan Underwriter

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Job Openings for Loan Underwriter

Career Path for this job

  1. This Job:

    Loan Underwriter

    0 - 2 years experience
    Bachelor's Degree

  2. Up a level:

    Mortgage Underwriter II

    2 - 4 years experience
    Bachelor's Degree

Understand the total compensation opportunity for a Loan Underwriter, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
53403
72312
61554

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
55155
75685
63736
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Loan Underwriter in the United States. The base salary for Loan Underwriter ranges from $53,403 to $72,312 with the average base salary of $61,554. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $55,155 to $75,685 with the average total cash compensation of $63,736.

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53403
72312

 

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