How much does a Loan Underwriter make in MN?

As of April 01, 2025, the average annual salary for a Loan Underwriter in Minnesota is $62,882. Salary.com reports that pay typically ranges from $54,560 to $73,878, with most professionals earning between $46,983 and $83,888.

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 $46,983 MN April 01, 2025
25th Percentile Loan Underwriter Salary $54,560 MN April 01, 2025
50th Percentile Loan Underwriter Salary $62,882 MN April 01, 2025
75th Percentile Loan Underwriter Salary $73,878 MN April 01, 2025
90th Percentile Loan Underwriter Salary $83,888 MN April 01, 2025
25% $54,560 10% $46,983 90% $83,888 75% $73,878 $62,882 50%(Median) Didn’t find job title? Click
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Loan Underwriter

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Location Avg. Salary Date Updated
Location Lakeville, MN Avg. Salary $63,909 Date Updated April 01, 2025
Location Minnetonka, MN Avg. Salary $64,314 Date Updated April 01, 2025
Location Ada, MN Avg. Salary $58,237 Date Updated April 01, 2025
Location Adams, MN Avg. Salary $61,051 Date Updated April 01, 2025
Location Adolph, MN Avg. Salary $58,943 Date Updated April 01, 2025
Location Adrian, MN Avg. Salary $54,857 Date Updated April 01, 2025
Location Afton, MN Avg. Salary $63,835 Date Updated April 01, 2025
Location Ah Gwah Ching, MN Avg. Salary $58,900 Date Updated April 01, 2025
Location Aitkin, MN Avg. Salary $59,226 Date Updated April 01, 2025
Location Akeley, MN Avg. Salary $59,152 Date Updated April 01, 2025
Job Openings for Loan Underwriter in Minnesota

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

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