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.
Posted on: January 5, 2017. VA home loans require an upfront, one-time payment called the VA funding fee. The fee is a percentage based on the loan amount. VA home loan applicants can pay all or part of the fee in cash, or wrap it into the loan amount to reduce out-of-pocket expenses. Here are charts that show common funding fee amounts.