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Lihtc Underwriter Jobs in Renton, WA (NOW HIRING)

Coaches and/or reviews the work of other underwriters and fills in for manager as required. * Contacts internal/external customers and other parties as appropriate to gather information and to ...

Lihtc Underwriter information

See Renton, WA salary details

$36.6K

$88.7K

$156.9K

How much do lihtc underwriter jobs pay per year?

As of Aug 26, 2026, the average yearly pay for lihtc underwriter in Renton, WA is $88,724.00, according to ZipRecruiter salary data. Most workers in this role earn between $68,600.00 and $97,900.00 per year, depending on experience, location, and employer.

What is a LIHTC underwriter?

A LIHTC Underwriter is a finance professional who evaluates and analyzes affordable housing projects seeking funding through the Low-Income Housing Tax Credit (LIHTC) program. Their main responsibility is to assess the financial feasibility, compliance, and risk of proposed developments to ensure they meet LIHTC guidelines and investor requirements. They review project budgets, pro formas, market studies, and legal documents to make informed recommendations regarding funding or investment. LIHTC Underwriters play a crucial role in facilitating the creation of affordable housing by supporting sound investment decisions.

What are the most common challenges faced by LIHTC underwriters when evaluating affordable housing projects?

LIHTC Underwriters often encounter challenges such as navigating complex compliance requirements, analyzing layered financing structures, and ensuring long-term project feasibility. They must thoroughly assess project pro formas, tax credit allocations, and regulatory agreements, all while balancing risk and maximizing value for stakeholders. Collaboration with developers, legal teams, and government agencies is essential to resolve gaps or uncertainties in documentation and to address changes in market conditions or funding sources.

What are the key skills and qualifications needed to thrive as a LIHTC underwriter, and why are they important?

To thrive as a LIHTC Underwriter, you need a strong background in real estate finance, affordable housing regulations, and financial modeling, typically supported by a bachelor’s degree in finance, real estate, or a related field. Proficiency with underwriting software, Excel, and familiarity with Low-Income Housing Tax Credit (LIHTC) compliance systems are essential. Strong analytical thinking, attention to detail, and effective communication skills set top candidates apart in this role. These skills are crucial for accurately evaluating project viability, ensuring regulatory compliance, and facilitating successful affordable housing development.

What is the difference between Lihtc Underwriter vs Loan Underwriter?

AspectLihtc UnderwriterLoan Underwriter
CredentialsTypically requires finance, real estate, or related certifications; familiarity with LIHTC programsRequires mortgage or loan processing certifications; knowledge of lending regulations
Work EnvironmentPrimarily in affordable housing and real estate development sectorsBanking, mortgage companies, or financial institutions
Employer & IndustryNonprofits, government agencies, real estate developersCommercial banks, mortgage lenders, financial services
Comparison FocusSpecializes in affordable housing tax credit projectsFocuses on general loan approval processes

While both roles involve evaluating financial documents, a Lihtc Underwriter specializes in assessing applications for affordable housing projects utilizing LIHTC programs, whereas a Loan Underwriter handles a broader range of loan types across financial institutions. The key difference lies in industry focus and specific expertise required for each role.

What are popular job titles related to Lihtc Underwriter jobs in Renton, WA?

For Lihtc Underwriter jobs in Renton, WA, the most frequently searched job titles are:

What job categories do people searching Lihtc Underwriter jobs in Renton, WA look for?

The top searched job categories for Lihtc Underwriter jobs in Renton, WA are:

What cities near Renton, WA are hiring for Lihtc Underwriter jobs?

Cities near Renton, WA with the most Lihtc Underwriter job openings:

Underwriter IV- LIHTC/Tax Credit

Seattle, WA


PNC Bank
Banking and Credit Intermediation • 10K+ employees

7.8

Company rating: 7.8 out of 10

Based on 347 frontline employees who took The Breakroom Quiz

88th of 172 rated banks

Good employer

Recommended by students

Recommended by parents


$91K - $202K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Re-posted 25 days ago


Job description

Position OverviewAt PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company's success.PNC is an in-office company that fosters a supportive culture where employees can thrive and achieve balance. We encourage candidates to connect with their recruiter and hiring manager to understand workplace expectations and ensure the role aligns with their goals.PNC will not provide sponsorship for employment visas or participate in STEM OPT for this position.Job Description
  • Works independently with little or no oversight. Exercises exception and elevated approval authority. Prepares offerings for all types of transactions at any level of complexity or in management of a portfolio as assigned. Interacts with internal/external customers. Provides recommendations for credit structuring. Serves as subject matter expert for certain asset classes. Serves as a coach, work lead and trainer for the group.
  • Using independent judgment to identify risks and mitigants, prepares offerings and/or scorecards, such as risk ratings, by analyzing credit, collateral strength and financial worthiness of loan/transaction parties. If relevant, performs ongoing credit risk management for assigned portfolio. Coaches and/or reviews the work of other underwriters and fills in for manager as required.
  • Contacts internal/external customers and other parties as appropriate to gather information and to clarify inconsistent, incorrect or missing information. May perform relevant pre-approval and post-approval activities.
  • Identifies and/or confirms all external regulatory requirements. Ensures internal policies/procedures are followed.
  • Makes recommendations on credit decisions or makes credit decisions directly, as appropriate.
  • Knowledge of IRS Code Section 42 and 47, equity structures and documentation, market research (including onsite inspections and market comp analysis), and 3rd party or external guidelines.

PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:

  • Customer Focused - Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
  • Managing Risk - Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.
Qualifications

Successful candidates must demonstrate appropriate knowledge, skills, and abilities for a role. Listed below are skills, competencies, work experience, education, and required certifications/licensures needed to be successful in this position.

Preferred SkillsCredit Decisions, Decision Making, Financial Analysis, Identifying Risks, Process Improvements, Results-Oriented, Risk AssessmentsCompetenciesAccuracy and Attention to Detail, Coaching Others, Credit Analysis and Verification, Decision Making and Critical Thinking, Knowledge of Underwriting, Managing Multiple Priorities, Market Research, Real Estate Development, Real Estate Practice, Real Estate Property Data Analysis, Real Estate Sales Closings and Agreements, Regulatory Environment - Financial ServicesWork ExperienceRoles at this level typically require a university / college degree, with 5+ years of industry-relevant experience. Specific certifications are often required. In lieu of a degree, a comparable combination of education, job specific certification(s), and experience (including military service) may be considered.EducationBachelorsCertificationsNo Required Certification(s)LicensesNo Required License(s)Pay TransparencyBase Salary: $91,000.00 - $202,800.00Salaries may vary based on geographic location, market data and on individual skills, experience, and education. This role is incentive eligible with the payment based upon company, business and/or individual performance.Application WindowGenerally, this opening is expected to be posted for two business days from 05/18/2026, although it may be longer with business discretion.BenefitsPNC offers a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include: medical/prescription drug coverage (with a Health Savings Account feature), dental and vision options; employee and spouse/child life insurance; short and long-term disability protection; 401(k) with PNC match, pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption, surrogacy, and doula reimbursement; educational assistance, including select programs fully paid; a robust wellness program with financial incentives.In addition, PNC generally provides the following paid time off, depending on your eligibility: maternity and/or parental leave; up to 11 paid holidays each year; 9 occasional absence days each year, unless otherwise required by law; between 15 to 25 vacation days each year, depending on career level; and years of service.

To learn more about these and other programs, including benefits for full time and part-time employees, visitpncthrive.com.

Disability Accommodations Statement

If an accommodation is required to participate in the application process, please contact us via email at AccommodationRequest@pnc.com. Please include "accommodation request" in the subject line title and be sure to include your name, the job ID, and your preferred method of contact in the body of the email. Emails not related to accommodation requests will not receive responses. Applicants may also call 877-968-7762 and say "Workday" for accommodation assistance. All information provided will be kept confidential and will be used only to the extent required to provide needed reasonable accommodations.


At PNC we foster an inclusive and accessible workplace. We provide reasonable accommodations to employment applicants and qualified individuals with a disability who need an accommodation to perform the essential functions of their positions.

Equal Employment Opportunity (EEO)


PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.

This position is subject to the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA) and, for any registered role, the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) and/or the Financial Industry Regulatory Authority (FINRA), which prohibit the hiring of individuals with certain criminal history.

California Residents

Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.



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