$49,519
Avg. Base Salary (USD)
/ year
Avg. Base Salary (USD)
10%
$40k
MEDIAN
$50k
90%
$65k
The average salary for a Loan Underwriter is $49,519 in 2025
Base Salary
$40k - $65k
Bonus
$2k - $10k
Commission
$0 - $2k
Total Pay
$34k - $69k
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Common Health Benefits for a Loan Underwriter
Medical
94%
Dental
81%
Vision
66%
None
6%
Gender Breakdown for Loan Underwriters
Female
55.8%
Male
44.2%
This data is based on 43 survey responses. Learn more about the gender pay gap.
FAQs About Loan Underwriters
What is the highest pay for Loan Underwriters?
Our data indicates that the highest pay for a Loan Underwriter is $65k / year
What is the lowest pay for Loan Underwriters?
Our data indicates that the lowest pay for a Loan Underwriter is $40k / year
How can Loan Underwriters increase their salary?
Increasing your pay as a Loan Underwriter is possible in different ways. Change of employer: Consider a career move to a new employer that is willing to pay higher for your skills. Level of Education: Gaining advanced degrees may allow this role to increase their income potential and qualify for promotions. Managing Experience: If you are a Loan Underwriter that oversees more junior Loan Underwriters, this experience can increase the likelihood to earn more.