22
$474,900
$180/sqft
6 bd · 2 ba · 2,640 sqft
Loran Drive
Dawson Creek · Single Family
Listed by RE/MAX Dawson Creek RealtyMLS® 10403347
Pre-approval · Dawson Creek
What does a mortgage pre-approval in Dawson Creek ask for?
At the $339,000 median asking price, you need $16,950 down. A lender tests a payment of $2,155 a month.
- Minimum down
- $16,950
- Monthly payment a lender tests
- $2,155
- Implied household income
- $66,308
Affordability estimate · 1 of 3
What is your household income before tax?
- Minimum down
- $16,950
- Monthly payment a lender tests
- $2,155
- Implied household income
- $66,308
What a Dawson Creek buyer needs
At $339,000, the minimum down payment is $16,950 and twenty percent is $67,800. Lenders test the payment at the qualifying rate of 6.49%, not the illustrative 4.49%. That is $2,155 a month over 25 years, which needs a household income near $66,308. The Dawson Creek census median is $81,000, about $14,692 above the figure the payment implies.
Homes up to $1,500,000 can carry mortgage default insurance, which allows the $16,950 minimum.
Minimum down payment on a Dawson Creek home
| Figure | Amount |
|---|---|
| Median asking price | $339,000 |
| Minimum down payment | $16,950 |
| Twenty percent down | $67,800 |
| Mortgage default insurance | Available at the median price |
| Qualifying payment at 6.49% | $2,155 per month |
The qualifying payment uses an illustrative rate, not a quote.
What a lender checks first
- Income you can document. Pay stubs, a letter of employment, and two years of Notices of Assessment. Self-employed files need two years of T1 Generals.
- Debt you already carry. Balances, minimum payments, and limits, including the limit on a card you never use.
- A down payment with ninety days of history. Any large deposit inside that window needs a paper trail, and a gift needs a signed letter.
- Credit. A hard check, read alongside how long your history runs.
The full document list is on how to get pre-approved for a mortgage in BC.
Homes on the market in Dawson Creek
Active listings in Dawson Creek
167 active listings
$89,900
$111/sqft
2 bd · 1 ba · 808 sqft
308 100a Avenue
Dawson Creek · Single Family
Listed by RE/MAX Dawson Creek RealtyMLS® 10403246
51
$1,199,000
$1,432/sqft
837 sqft
1717 102 Avenue
Dawson Creek · Other
Listed by RE/MAX Dawson Creek RealtyMLS® 10403157
$424,900
$161/sqft
6 bd · 4 ba · 2,640 sqft
1637 100 Avenue
Dawson Creek · Single Family
Listed by RE/MAX Dawson Creek RealtyMLS® 10403058
2
$79,900
201 100 Avenue
Dawson Creek · Vacant Land
Listed by RE/MAX Dawson Creek RealtyMLS® 10402738
$169,000
$196/sqft
4 bd · 1 ba · 864 sqft
1520 111 Avenue
Dawson Creek · Single Family
Listed by Royal Lepage Aspire - DCMLS® 10390825
25
$310,000
$180/sqft
4 bd · 1 ba · 1,720 sqft
3466 218 Road
Dawson Creek · Single Family
Listed by RE/MAX Dawson Creek RealtyMLS® 10366889
17
$399,000
$475/sqft
2 bd · 2 ba · 840 sqft
8057 Harper Other
Dawson Creek · Single Family
Listed by RE/MAX Dawson Creek RealtyMLS® 10396832
$337,000
$160/sqft
4 bd · 3 ba · 2,109 sqft
10704 Briarwood Crescent
Dawson Creek · Single Family
Listed by RE/MAX Dawson Creek RealtyMLS® 10403359
14
$179,000
$140/sqft
4 bd · 2 ba · 1,278 sqft
512 97A Avenue
Dawson Creek · Single Family
Listed by Royal Lepage Aspire - DCMLS® 10389922
59
$419,000
$167/sqft
5 bd · 3 ba · 2,516 sqft
1229 105 Avenue
Dawson Creek · Single Family
Listed by Royal Lepage Aspire - DCMLS® 10391808
27
$335,000
$264/sqft
3 bd · 2 ba · 1,270 sqft
9616 227 Road
Dawson Creek · Single Family
Listed by RE/MAX Dawson Creek RealtyMLS® 10390128
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
Pre-approval in cities near Dawson Creek
Mortgage pre-approval in Surrey
$999,999 median asking price
Mortgage pre-approval in Vancouver
$1,379,500 median asking price
Mortgage pre-approval in Burnaby
$859,950 median asking price
Mortgage pre-approval in Richmond
$1,004,800 median asking price
Mortgage pre-approval in Kelowna
$789,450 median asking price
Mortgage pre-approval in Langley
$959,900 median asking price
Mortgage pre-approval in Abbotsford
$799,900 median asking price
Mortgage pre-approval in Coquitlam
$956,450 median asking price
Pre-approval questions in Dawson Creek
At the $339,000 median, the minimum is $16,950 and twenty percent is $67,800. Homes up to $1,500,000 can carry mortgage default insurance, which allows the $16,950 minimum.
No. Final approval also depends on the property.
Yes. It is based on you, not a home, so it works anywhere in BC.
Related pages
Prepared by
Written and maintained by Ray Rasouli, REALTOR®, licensed in British Columbia and founder of Relta Real Estate.
Data
Source: MLS® listing data from BC real estate boards (MLS® Reciprocity) and CREA's DDF®.
NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assumes no responsibility for its accuracy. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy. MLS®, Multiple Listing Service®, and REALTOR® are trademarks of the Canadian Real Estate Association (CREA).
CorrectionsReport a correction
Payments use an illustrative rate over 25 years and the federal qualifying rate. Not a quote or an offer of credit. Ray Rasouli is a licensed REALTOR® and is not a mortgage broker or a lender. Nothing on this page is financial advice, a rate quote, or an offer of credit.