Welcome to DCCU Title Services
DCCU Title Services is built on the credit union philosophy of people helping people. It is owned by DuPont Community Credit Union. DCCU Title Services is proud to be a member of the American Land Title Association (ALTA) and the Virginia Land Title Association (VLTA). We offer both lenders and owners title insurance policies. Ask your real estate agent, lender, attorney, or settlement company how DCCU Title Services can provide title insurance as part of your real estate transaction.
- Premium title insurance products at affordable rates for residential and commercial clients
- Secure document exchanges with your lender and settlement agent
- Coverage for properties located anywhere in Virginia
- 24-hour access to the status of title insurance orders through iOrder Express
- Answers to your title insurance questions
Rates & Fees
|Settlement/Closing/MLA Fee||Construction Loan||$600*|
|Settlement/Closing Fee|| Purchase or Refinance Transaction
|Settlement/Closing Fee 6 or more payoffs||Refinance - Debt Consolidation||$425*|
|*Plus cost of title search and/or title update|
At DCCU Title Services, we understand that choosing title insurance, or deciding if you need it at all, can be confusing. Below you’ll find information about title insurance and why you may be required to have it. If you have additional questions or would like more information, please contact us!
What is title insurance?
Title insurance protects the policy holder from any problems related to the land’s title. It helps to pay valid claims and covers the cost of defending an attack on your title.
Why do I need title insurance?
A title insurance policy not only insures against defects found in the title search and examination, it also insures against many defects, which would not be discovered in a title search, such as fraud and forgery. Additionally, it will provide protection against any errors made in the title search itself.
Am I required to purchase title insurance?
All mortgage lenders require a Lender’s Policy in an amount equal to the initial loan balance. In the event of a title problem, this type of policy protects the lender’s interest in the property as security for the mortgage. This type of policy lasts until the loan is paid in full. This type of policy does not protect the property owner.
Can I purchase title insurance to my ownership interest in the property?
Yes! This type of policy is called an Owner’s Policy and is typically issued for the amount of the purchase price. To obtain this coverage, you pay a one-time premium at closing. In the event of a title problem, this type of policy protects you from losses due to claims covered under the policy, as well as paying for any attorney’s fees and costs associated with defending an attack against your title. This type of policy lasts for as long as you own the property, and in some instances will even provide coverage to you after you have sold the property.
What does title insurance cover?
Title insurance covers risks such as:
- Conflicting wills
- Undisclosed or missing heirs
- Recording errors
- Lack of legal right or access to the property
- Ineffective release of prior mortgage(s) against property
- Invalid or improperly executed deeds
How much does title insurance cost?
The cost of title insurance varies depending on the policy amount and the type of coverage you select. The average premium for maximum title protection is $4.68 per $1,000 of coverage.