Refinance Rates

  • District of Columbia

    Lender's Policy

    The lender's policy is also known as a "loan policy" and is required for all transactions, purchases and refinances alike, since lenders must also protect against title related defects.

    A lender wants to ensure that the loan they are issuing is protected by title insurance and their investment is covered. A lender's policy protects the mortgage holder (the institution that owns the mortgage).

    If there is a fault in title that results in a loss, the mortgage holder will be paid back. You will need to order a new lender's policy to refinance your property.

    READ MORE: Why lenders require title insurance

    Refinance Policy
    (minimum premium $101)

    Amount of Insurance Cost Factor Plus On Amount Over
    Up to $250k $2.70/$1k -- --
    $250,001 to $500,000 $675.00 $2.34/$1k $250k
    $500,001 to $1 million $1,260.00 $1.98/$1k $500k
    $1,000,001 to $5 million $2,250.00 $1.62/$1k $1 million
    $5 million+ $8,730.00 $0.75/$1k $5 million

    Note: When calculating the cost of a policy, please keep in mind we use a tiered rate. So if the refinancing amount is $600k and a lender's title policy is purchased, the cost is calculated by multiplying:

    250 x $2.70 = $675
    250 x $2.34 = $585
    100 x $1.98 = $198

    Grand Total = $1,458

    View purchase rates
  • Maryland

    Lender's Policy

    The lender's policy is also known as a "loan policy" and is required for all transactions, purchases and refinances alike, since lenders must also protect against title related defects.

    A lender wants to ensure that the loan they are issuing is protected by title insurance and their investment is covered. A lender's policy protects the mortgage holder (the institution that owns the mortgage).

    If there is a fault in title that results in a loss, the mortgage holder will be paid back. You will need to order a new lender's policy to refinance your property.

    READ MORE: Why lenders require title insurance

    Refinance Policy
    (minimum premium $168)

    Amount of Insurance Cost Factor Plus On Amount Over
    Up to $250k $2.65/$1k -- --
    $250,001 to $500,000 $662.50 $2.25/$1k $250k
    $500,001 to $1 million $1,225.00 $1.90/$1k $500k
    $1,000,001 to $5 million $2,175.00 $1.60/$1k $1 million
    $5 million to $15 million $6,400.00 $1.30/$1k $5 million
    $15 million+ $19,400 $1.00/$1k $15 million
    We offer an enhanced lender's title policy upon request.
    E-mail info@federaltitle.com to inquire.

    Note: When calculating the cost of a policy, please keep in mind we use a tiered rate. So if the price is $600k and a limited lender's title policy is purchased, the cost is calculated by multiplying:

    250 x $2.65 = $662.50
    250 x $1.90 = $475.00
    100 x $1.90 = $190.00

    Grand Total = $1,327.50

    View purchase rates
  • Virginia

    Lender's Policy

    The lender's policy is also known as a "loan policy" and is required for all transactions, purchases and refinances alike, since lenders must also protect against title related defects.

    A lender wants to ensure that the loan they are issuing is protected by title insurance and their investment is covered. A lender's policy protects the mortgage holder (the institution that owns the mortgage).

    If there is a fault in title that results in a loss, the mortgage holder will be paid back. You will need to order a new lender's policy to refinance your property.

    READ MORE: Why lenders require title insurance

    Refinance Policy
    (minimum premium $100)

    Amount of Insurance Cost Factor Plus On Amount Over
    Up to $250k $2.73/$1k -- --
    $250,001 to $500,000 $726.00 $2.59/$1k $100k
    $500,001 to $1 million $1,400.00 $2.38/$1k $500k
    $1,000,001 to $5 million $2,600.00 $1.58/$1k $1 million
    $5 million+ $7,600.00 $1.47/$1k $5 million

    Note: When calculating the cost of a policy, please keep in mind we use a tiered rate. So if the loan is $600k and a lender's title policy is purchased, the cost is calculated by multiplying:

    250 x $2.73 = $273.00
    250 x $2.59 = $1,036.00
    100 x $4.50 = $450.00

    Grand Total = $1,547.00

    View purchase rates
  • Florida

    Rates coming soon!