How to Qualify for a Re-Issue Rate

A reissue rate is a homebuyer discount on the cost of an owner’s title insurance policy. To obtain a reissue rate discount, the transaction must satisfy certain conditions from the title insurance underwriter.

In order for the buyer to qualify for a reissue rate in a purchase transaction, the seller must provide a copy of the current owner’s policy or a signed HUD-1 settlement statement evidencing the purchase of an owner’s policy.  The requirement that the current owner’s policy must have been issued within the previous 10-year period has been eliminated.