This will increase on July 1, 2014 to a minimum exempt salary of $37,440 per year. By 2016, employees will need to earn at least $41,600 per year to meet the minimum salary test for exempt status. State minimum wage law will also impact the pay of commissioned inside sales employees.
USDA announces increase in the USDA guarantee or funding fee effective 10/1/2015 to 2.75%. For buyers, USDA mortgage loans are so popular (especially in NC, SC, and Virginia) because they allow first time or subsequent homebuyers to purchase a primary residence with no money down and with low monthly payments.
How much is a reasonable amount to pay for closing costs on a $185,000 USDA guaranteed loan. I am looking for some sort of reasonable estimate on what closing costs will run on my USDA guaranteed loan so I don't get taken. I am a first time home buyer and just want to be cautious. Any help is very appreciated.