West Virginia Title Insurance Rate and Transfer Tax Calculator



West Virginia state flagUse the West Virginia title insurance rate calculator to estimate the title insurance rates for one to four unit residential property. The State of West Virginia charges a deed transfer tax (often called an excise tax) on real property. The tax is $1.10 per one thousand dollars. Each county has the right to set its own excise tax rate, and most do. West Virginia does not have a mortgage tax. The West Virginia title insurance calculator will calculate the residential, non-commercial title insurance rates and estimate the state and county transfer tax. Please send me an E-mail if you see an error or want to make a comment. Last updated 6/2018.

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  West Virginia Title Insurance & Transfer Tax Calculator
 
  Choose County  
 
  Selling price of property  
 
  Mortgage Amount  
 
  Transfer & Recordation Tax    
  BUYER SELLER  
  State & County Transfer Tax  
 
  TOTAL  
 
  Title Insurance
  West Virginia TRID calculation
  CFPB Owner's Title Policy Disclosure Calculation
  Basic Owner's Policy (Actual Premium)  
  Simultaneous Loan Policy (Actual Premium)  
  Stand-alone Loan Policy (Actual Premium)  
  CFPB - Owner's Policy Disclosed Amount  
  Title Insurance Premium Adjustment  
  TOTAL TITLE INSURANCE COST  
 
  Title Insurance Endorsements
 
  Arbitration Endorsement  
  Closing Protection Letter  
  Paragraph 11 Endorsement 1  
  ALTA 22-06 Location  
  ALTA 25-06 Same As Survey  
  ALTA 4-06 Condominium  
  ALTA 5-06 Planned Unit Development  
  ALTA 6-06 Variable Rate Mortgage  
  ALTA 8.1-06 Environmental Protection Lien  
  ALTA 9-06 Restrictions, Encroachments, Minerals  
  CLTA 111.9-06 Variable Rate, FNMA 7 Year Balloon  
  TOTAL  

Can I get a cheaper title insurance rate in West Virginia?

Most title insurance companies offer a reissue rate (40% discount) under certain conditions. Here's one title company's requirement for the discount/reissue rate:

By definition, the reissue rate, when applicable, is 60% of the rate for the original insurance. The reissue rate can be applied only up to the amount of insurance of previously issued pol icy. The excess amount of insurance, if any, must be calculated at charges under applicable brackets. Reissue rates are applicable under the following circumstances: 1. A purchaser or lessee or real estate from one whose title thereto, as owner, has been insured by any title insurance company within seven (7) year prior to the application for a new owner's or leasehold policy shall be entitled to the reissue rate for owner's title insurance in a amount up to the face liability of such former policy. A copy of said former policy must be furnished to the new insurer (new issuing agent) prior to issuance of the new owner's policy. 2. An assured under an owner's or leasehold owner's policy grants a mortgage on the property insured desires to furnish his mortgagee with a policy of title insurance. The premium for the Lender’s policy is calculated as stated in the definition above. 3. No reissue credit shall be given if the examination of title reveal s any of the following occurrences since the effective date of the prior policy: bankruptcy, foreclosure, multiple lawsuits or judgments, a gap in title, a conveyance of title in to divided interests of less than 1/16, more than 20 additional easements. SOURCE: Rate manual

FREE down payment/closing costs grant for West Virginia home buyers

The assistance grant is a 3 to 1 match. For every dollar that you put into the purchase of the home, the Federal Home Loan Bank of Pittsburgh will grant three dollars. For example, if you pay $1,000 toward the purchase of the home, you would receive $3,000. The maximum grant is $5,000. and here's the best part, you do not have to pay the grant money back! Read more