[bmcgowan13]

Originally Posted by petsetc

I found best rate on line, for new construction or need quick close, Citizens First Bank. Their main downside was I found the Title Insurance a bit high.
FWIW

I was a bit put off that Citizen's First does not publish their rates online. You have to have a rep call you with the rate. Who knows what their fees are. Whey don't they put that information on line? Just seemed odd...

We fond them HIGHER than Bank of America! We wanted to use them but was more than a bit surprised to find their rates 1/4 point higher than BOA.

I thought Title Insurance in Florida was set by statute?

Florida title insurance costs are regulated and also set by the Florida Department of Financial Services in conjunction with a consortium of title insurance underwriters that operate in the state. The state sets five defined premium tiers based on the price of the property or the loan in increments of $1,000 that you can see on this page below.

In Florida, a title insurance policy computed using the 2020 rates on a $100,000 property or loan would cost you around $575. Whereas, the title insurance policy premium on a $200,000 property or loan would cost your around $1,075. As you can see, as your Florida property or loan value increases, the cost for title insurance goes down as a percentage of your Florida property or loan price