26
$1,405,000
$639/sqft
5 bd · 3 ba · 2,200 sqft
7102 Brewster Drive
Delta · Single Family Residence
Listed by Sutton Premier RealtyMLS® R3166962
Pre-approval · Delta
What does a mortgage pre-approval in Delta ask for?
At the $1,287,000 median asking price, you need $103,700 down. A lender tests a payment of $7,919 a month.
- Minimum down
- $103,700
- Monthly payment a lender tests
- $7,919
- Implied household income
- $243,662
Affordability estimate · 1 of 3
What is your household income before tax?
- Minimum down
- $103,700
- Monthly payment a lender tests
- $7,919
- Implied household income
- $243,662
What a Delta buyer needs
At $1,287,000, the minimum down payment is $103,700 and twenty percent is $257,400. Lenders test the payment at the qualifying rate of 6.49%, not the illustrative 4.49%. That is $7,919 a month over 25 years, which needs a household income near $243,662. The Delta census median is $108,000, about $135,662 short of the figure the payment implies.
Homes up to $1,500,000 can carry mortgage default insurance, which allows the $103,700 minimum.
Minimum down payment on a Delta home
| Figure | Amount |
|---|---|
| Median asking price | $1,287,000 |
| Minimum down payment | $103,700 |
| Twenty percent down | $257,400 |
| Mortgage default insurance | Available at the median price |
| Qualifying payment at 6.49% | $7,919 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 Delta
Active listings in Delta
743 active listings
27
$1,279,000
$675/sqft
5 bd · 3 ba · 1,896 sqft
11715 83a Avenue
Delta · Single Family Residence
Listed by Saba Realty Ltd.MLS® R3154994
39
$3,248,888
$394/sqft
5 bd · 6 ba · 8,246 sqft
5455 120 Street
Delta · Single Family Residence
Listed by RE/MAX City RealtyMLS® R3137235
40
$1,399,999
$511/sqft
6 bd · 5 ba · 2,741 sqft
11089 Fuller Crescent
Delta · Half Duplex
Listed by Coldwell Banker Universe RealtyMLS® R3169506
21
$869,000
$551/sqft
3 bd · 3 ba · 1,576 sqft
#118, 1894 Osprey Drive
Delta · Half Duplex
Listed by Sutton Group Seafair RealtyMLS® R3174345
37
$998,000
$605/sqft
3 bd · 2 ba · 1,649 sqft
11530 95a Avenue
Delta · Single Family Residence
Listed by Sutton Group-West Coast RealtyMLS® R3173896
14
$399,369
$677/sqft
1 bd · 1 ba · 590 sqft
#213, 8360 Delsom Way
Delta · Apartment/Condo
Listed by Macdonald Realty WestmarMLS® R3168354
37
$998,000
$374/sqft
4 bd · 2 ba · 2,670 sqft
5548 44 Avenue
Delta · Single Family Residence
Listed by Royal LePage Global Force RealtyMLS® R3173959
40
$1,949,900
$640/sqft
5 bd · 3 ba · 3,048 sqft
6328 Sunrise Lane
Delta · Single Family Residence
Listed by Royal LePage Regency RealtyMLS® R3172913
36
$1,399,000
$443/sqft
8 bd · 4 ba · 3,161 sqft
8868 112 Street
Delta · Single Family Residence
Listed by Royal LePage Brent Roberts RealtyMLS® R3161194
39
$2,449,000
$1,182/sqft
3 bd · 3 ba · 2,072 sqft
#400, 1212 Hunter Road
Delta · Apartment/Condo
Listed by Royal LePage Regency RealtyMLS® R3172957
12
$559,000
$681/sqft
2 bd · 2 ba · 821 sqft
#907, 11967 80 Avenue
Delta · Apartment/Condo
Listed by Oakwyn Realty Ltd.MLS® R3170889
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 Delta
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 Delta
At the $1,287,000 median, the minimum is $103,700 and twenty percent is $257,400. Homes up to $1,500,000 can carry mortgage default insurance, which allows the $103,700 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.