As of September 01, 2026, the average annual salary for Loan Underwriter in South Dakota is $59,638, equivalent to $29 per hour, $1,147 weekly, or $4,970 monthly. These figures, sourced from Salary.com’s real-time job posting scans, highlight competitive earning potential for Loan Underwriter in cities like San Jose, Santa Clara, and San Francisco.

Annually Salaries for Loan Underwriter in South Dakota vary widely, spanning from $47,903 to $78,242. Most professionals fall between the 25th percentile ($53,496) and 75th percentile ($69,376), while top earners (90th percentile) make $78,242 per year. This $15,880 pay gap underscores opportunities for salary growth through certifications, specialized skills like Analysis or Tax Return, or targeting high-paying regions like District of Columbia or California.

Location and experience significantly influence earnings. For example, South Dakota Loan Underwriter often earn 9.1% lower than national averages due to demand from Fortune 73 companies. However, South Dakota currently ranks 48 nationwide for Loan Underwriter job salary. Professionals are advised to focus on high-growth sectors like to offset market challenges.

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 $47,903 SD September 01, 2026
25th Percentile Loan Underwriter Salary $53,496 SD September 01, 2026
50th Percentile Loan Underwriter Salary $59,638 SD September 01, 2026
75th Percentile Loan Underwriter Salary $69,376 SD September 01, 2026
90th Percentile Loan Underwriter Salary $78,242 SD September 01, 2026
25% $53,496 10% $47,903 90% $78,242 75% $69,376 $59,638 50%(Median) Didn’t find job title? Click
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Check out Loan Underwriter jobs in South Dakota

Retail Loan Processor/Underwriter I

Reliance Savings Bank - ALTOONA, PA

Executive Underwriter

Zurich Insurance Company Ltd. - SCHILLER PARK, IL

Executive Underwriter

Zurich Insurance Company Ltd. - BOLINAS, CA

Executive Underwriter

Zurich Insurance Company Ltd. - CHELSEA AND CLINTON, NY

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Loan Underwriter

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Location Avg. Salary Date Updated
Location Deadwood, SD Avg. Salary $57,469 Date Updated September 01, 2026
Location Pierre, SD Avg. Salary $53,634 Date Updated September 01, 2026
Location Watertown, SD Avg. Salary $58,990 Date Updated September 01, 2026
Location Aberdeen, SD Avg. Salary $58,890 Date Updated September 01, 2026
Location Agar, SD Avg. Salary $55,029 Date Updated September 01, 2026
Location Akaska, SD Avg. Salary $58,364 Date Updated September 01, 2026
Location Alcester, SD Avg. Salary $58,458 Date Updated September 01, 2026
Location Alexandria, SD Avg. Salary $58,655 Date Updated September 01, 2026
Location Allen, SD Avg. Salary $58,264 Date Updated September 01, 2026
Location Alpena, SD Avg. Salary $58,754 Date Updated September 01, 2026
Job Openings for Loan Underwriter in South Dakota

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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