| Transfer tax | Grantor tax $0.50 per $500 (0.1%), paid by the seller; the buyer pays a recordation tax of $0.25 per $100. Northern Virginia and Hampton Roads add regional fees. |
|---|---|
| Usually paid by | Seller pays grantor tax; buyer pays recordation tax |
| Mortgage tax | Recordation tax of $0.25 per $100 also applies to deeds of trust (borrower-paid). |
| Attorney at closing | Not required |
| Recording | Recording fees are set by the county circuit court clerk; verify locally. |
What drives your total
Lender fees, title insurance, prepaid taxes and insurance, and any points you buy move the number most. On a $400,000 purchase, 2–5% means roughly $8,000–$20,000 at the table, your Loan Estimate itemizes every dollar three business days before closing.
Ways to reduce cash to close
- Seller credits (negotiated in the contract, program limits apply)
- Lender credits in exchange for a slightly higher rate
- Down payment assistance programs where available
- Closing on time, per-diem interest accrues daily
Sources: Tax Foundation 2026 (2024 ACS); Va. Code 58.1-802. Figures are typical ranges, not quotes.
FAQ
How much are closing costs in Virginia?
Buyer closing costs in Virginia typically run 2–5% of the purchase price. State-specific items include: Grantor tax $0.50 per $500 (0.1%), paid by the seller; the buyer pays a recordation tax of $0.25 per $100. Northern Virginia and Hampton Roads add regional fees. Mortgage tax: Recordation tax of $0.25 per $100 also applies to deeds of trust (borrower-paid).
Who pays transfer tax in Virginia?
Customarily the seller pays grantor tax; buyer pays recordation tax pays the transfer tax in Virginia, though it is negotiable in the contract.
Does Virginia require an attorney at closing?
No, Virginia does not require an attorney at closing, though title insurance is still standard.