Closing Fee Schedule
(Effective 01-04-2010)

 

 

 

 

REFINANCE TITLE FEES

 

 
     

SETTLEMENT CLOSING FEE TO TCOF

$175.00

 
TITLE SEARCH TO UNDERWRITER $150.00  
MOBILE CLOSER $130.00  

TITLE EXAM TO TCOF

$ 75.00

 
DOC PREP TO TCOF $ 50.00  
TITLE UPDATE, TAX & CITY LIEN SEARCH TO TCOF $ 35.00  
COURIER FEES $ 35.00  
FILE IMAGING, STORAGE & DISC PRODUCTION TO TCOF $ 30.00  
RECORDING SERVICE CHARGE TO TCOF $ 10.00  
WIRE FEE TO TCOF $ 25.00  
POST CLOSING TO TCOF $ 35.00  
TITLE INSURANCE Rate Based on Coverage  
     

Not including endorsements (if any)

 

 

 
 

 

 

 

SALE/PURCHASE FEES

BUYER

SELLER
     

SETTLEMENT CLOSING FEE TO TCOF

$175.00

$175.00

TITLE SEARCH TO UNDERWRITER

$150.00
MOBILE CLOSER $ 65.00 $ 65.00
TITLE EXAM TO TCOF $ 25.00 $ 25.00
DOC PREP TO TCOF $ 25.00 $ 25.00
TITLE UPDATE, TAX & CITY LIEN SEARCH TO TCOF   $ 35.00
COURIER FEE $ 35.00 $ 35.00
FILE IMAGING, STORAGE & DISC PRODUCTION TO TCOF $ 30.00 $ 30.00
RECORDING SERVICE CHARGE TO TCOF $ 10.00 $ 10.00
WIRE FEE TO TCOF   $ 25.00
POST CLOSING TO TCOF $ 35.00 $ 35.00
TITLE INSURANCE Rate Based on Coverage  
     

Not including endorsements (if any)

 

 

 

 

 

 

 

 

REVERSE MORTGAGE

BUYER

 
     

CLOSING FEE

$500.00

 

SEARCH

$150.00

 
MOBILE CLOSER $130.00  
TITLE INSURANCE Rate Based on Coverage  
     

Not including endorsements (if any)

 

 
     
VIRGINIA PREMIUM RATE SCHEDULE
     
TITLE INSURANCE RATES FOR LOAN POLICIES
 
Per Thousand
 
Basic Rate
Enhanced Rate
Up to $250,000 of liability written
$2.90
$3.48
Over $250,000 and up to $500000 add
$2.70
$3.24
Over $500,000 and up to $1,000,000 add
$2.30
$2.76
Over $1,000,000 and up to $2,000,000 add
$1.85
$2.22
Over $2,000,000 and up to $2,500,000 add
$1.50
$1.80
Over $2,500,000 Call Company for Quote
Minimum Premium
$100.00
$120.00
NOTE: Insurance amounts shall be rounded up to the nearest $1,000 of coverage.
     
     
TITLE INSURANCE RATES FOR OWNER'S AND LEASEHOLD POLICIES
 
Per Thousand
 
Basic Rate
Enhanced Rate
Up to $250,000 of liability written
$2.90
$3.48
Over $250,000 and up to $500000 add
$2.70
$3.24
Over $500,000 and up to $1,000,000 add
$2.30
$2.76
Over $1,000,000 and up to $2,000,000 add
$1.85
$2.22
Over $2,000,000 and up to $2,500,000 add
$1.50
$1.80
Over $2,500,000 Call Company for Quote
Minimum Premium
$100.00
$120.00
NOTE: Insurance amounts shall be rounded up to the nearest $1,000 of coverage.
     

Summary of Closing & Escrow Procedures around the United States

This summary is merely a general reference guide.  Local practices within your city or county may differ. Contact a local title company or real estate attorney for specific information. This is not intended as legal advice, but merely as a general reference guide.
 

VIRGINIA - Attorneys and title companies conduct real estate closings. Conveyance is by bargain-and-sale deed. Deeds of trust are the customary security instruments. Virginia uses ALTA policies and endorsements. Buyers pay the title insurance premiums and the various taxes. Property tax payment dates vary.