Closing Costs in Virginia: What to Expect
A line-by-line look at buyer closing costs in Virginia — and which ones a seller or builder can help cover.
What’s in closing costs
Buyer closing costs in Virginia typically run about 2–3% of the price and include lender/origination fees, appraisal, title insurance, settlement fees, recording and transfer taxes, and prepaid taxes and insurance for your escrow account.
Title insurance and settlement
You’ll pay for a lender’s title policy and, optionally but wisely, an owner’s title policy that protects your equity. Virginia is a “buyer’s choice” state for title company — you’re free to shop, and you’re never required to use a specific one.
Getting help with closing costs
Sellers and builders can contribute toward your closing costs as a concession. In a balanced or buyer’s market this is one of the most valuable things to negotiate — sometimes worth more to you than an equivalent price cut.
Prepaids and escrow
Part of your cash to close funds an escrow account for property taxes and insurance, plus prepaid interest to the end of the month. These aren’t “fees” — they’re your own money set aside — but they’re real cash you need at the table.
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Educational information only — not legal, tax, or lending advice. Figures are typical ranges, not quotes or approvals. Confirm specifics with a licensed lender or attorney.