Delaware Title Insurance & Transfer Tax Calculator
Easily
calculate the Delaware title insurance rates and Delaware transfer tax.
This title insurance rate calculator is designed to estimate the title
insurance rate for one to four family residences and condominiums. Delaware
transfer tax is a total of 4% (2% percent to the State and 2%percent
to the county or municipality). This amount is usually split between
the buyer and seller, unless the parties agree otherwise. first-time
home buyers receive a discount on the county transfer tax. Please send
me an E-mail if you see an error or want
to make a comment.
Reissue Title Insurance Rates For Loan Policies
The Rate for Reissue Loan Policy coverage shall apply up to
the liability amount of the previously issued title
insurance policy by any company for the same property within
five (5) years prior to the application for the new loan
policy, provided there is evidence of previous insurance as
described in Section 2.8.
The Original Loan Policy coverage rate would be applied to
the part of the debt that exceeds the liability amount of
the previously issued policy.
SOURCE:
Title Insurance Rate Manual State Of Delaware
Delaware Real Estate transfer tax
The Delaware Real Estate transfer tax of 4% is split equally
between the home buyer and seller. The county receives 2% and the
State of Delaware also receives 2% of the sales price. A first-time
home buyer in Delaware that has never owned a home before receives
an exemption on the county portion of the Delaware real estate transfer
tax in all three counties of Delaware.
FREE closing cost and/or down payment money for Delaware first-time home buyers
The Federal Home Loan Bank of Pittsburgh provides a free down
payment (or closing cost assistance grant) for qualified first-time
home buyer(s) in Delaware, Pennsylvania, and West Virginia.
For every dollar that you put into the purchase of the home, the
Federal Home Loan Bank will grant three dollars.
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