Settlement Fees

FOR BORROWERS (REFINANCES)

Please review fees and important information in preparation for your upcoming settlement.

Service Fee
Settlement fee (all inclusive) $975
Fee for each payoff beyond the first mortgage loan $75
Our settlement fee includes the following services:
  • Title examination/Abstractor
  • Title insurance binder
  • Tax certificate
  • Messenger/Fax/Copies
  • Settlement/Closing fee
  • Notary fees
  • International courier costs (if applicable)
  • Recording service fee (if applicable)

Additional Services Fee
Power of Attorney Document Preparation $150
Simultaneous 2nd Trust Document Preparation Fee* $300
Borrower Remote / Mobile Closing / Signing** $200
Deed Transfer Preparation $350
  • * An additional document preparation fee of $300 applies if you obtain a second mortgage (i.e., home equity line of credit) simultaneously with your transaction.
  • ** IMPORTANT: Due to the numerous documents required to be signed by borrowers and the lender-imposed signature rules, borrower remote closings pose a significant risk to the borrower. Original wet-ink documents must be signed and returned to our offices no later than the date of closing. Additionally, a missing signature, initial, improper document date, or improper notarization would nullify the closing and require and re-scheduling of the closing date; the result of which may jeopardize the borrower’s timely performance under the terms of their loan commitment put them at risk of losing their interest rate lock. Note also that many mortgage lenders prohibit the practice of borrower remote closings/signings.

 PRICES APPLICABLE TO MONTGOMERY COUNTY, MD; PRINCE GEORGE’S COUNTY, MD; ARLINGTON COUNTY, VA; FAIRFAX COUNTY, VA; CITY OF ALEXANDRIA, VA AND THE DISTRICT OF COLUMBIA. ALL OTHER JURISDICTIONS, USE OUR [QUICK QUOTE].


Settlement fees are fixed, meaning they remain constant regardless of purchase price; however, settlement fees are not the only fees included in closing costs.

Consumers must also pay transfer & recordation taxes (buyer & seller, respectively) and a title insurance policy premium. These costs vary depending on the purchase price of your home. We encourage you to grab a Quick Quote today for an accurate and anonymous estimate of how much money you will need to bring to the closing table.

By law, it is the buyer’s right to choose what title company handles their closing. Shopping can save a homeowners who are refinancing thousands of dollars.

UPDATED 01 MARCH 2017 | INFORMATION RELIABLE BUT NOT GUARANTEED

Federal Title & Escrow Company

For nearly 25 years, our independently owned title company has leveraged technology to streamline the closing process, providing top-notch service at a competitive price for buyers, sellers, agents and lenders across the District of Columbia, Maryland and Virginia.

  • We are proud pioneers of creating a better closing experience for buyers, sellers, agents and lenders.
  • Our instant REAL Credit™ for ordering settlement services online has saved our neighbors upward of $18 million to date.
  • Our paperless, custom-built closing workflow software allows us to proactively keep customers in the know and avoid settlement surprises.
  • Our free mobile app Close It!™ helps homebuyers and their agents better understand the complete cost to be paid at closing.
    • Often imitated but never replicated – we set the bar other title companies aspire to reach.

Have questions? We’d love to hear from you! Contact Us

Closing Costs Explained…

Closing costs include taxes, lender fees and title fees that a homebuyer pays at settlement. Watch this video to prepare for the process.

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©2020 Federal Title & Escrow Co.
5335 Wisconsin Avenue, NW, Suite 700
Washington, D.C., 20015
Phone: 202.362.1500
Email: services@federaltitle.com

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