Newly Listed
Open House on Sat, 3pm–5pm
37
$699,000
#16 – 4959 57 Street
Delta · Residential
2 bd
2 ba
982 sqft
$712/sqft
Built 1969
MLS® R3156156
Sutton Group Seafair Realty
Pre-approval · Delta
What does a mortgage pre-approval in Delta actually ask for?
The median asking price in Delta is $1,279,800. At that price the minimum down payment is $102,980, and a lender would test the balance at the federal qualifying rate rather than the rate you would pay. Here is what that works out to, and what a lender checks before any of it applies.
Median asking price
$1,279,800
Minimum down payment
$102,980
Qualifying payment
$7,875/mo
Estimated range · question 1 of 3
What is your gross household income?
Choose a range to start. Two more answers shape the estimate before any lender or credit check.
No credit check · About 1 minute See what you could qualify for
What the numbers ask of a Delta buyer
A $1,279,800 asking price puts the minimum down payment at $102,980 under the federal rules, and twenty percent at $255,960. Financing the remaining $1,176,820 and testing it at the qualifying rate of 6.49%, which is higher than the illustrative contract rate of 4.49%, produces a payment of $7,875 a month over 25 years. On a thirty-nine percent gross debt service ratio, that payment implies a household income near $242,308. The census median household income in Delta is $108,000, which is about $134,308 short of the figure the payment implies.
A price at or below $1,500,000 can carry mortgage default insurance, which is what makes the $102,980 minimum possible. The premium is added to the mortgage.
Whether your own numbers clear that bar is a lender’s call, and it is a short conversation when your file is ready. See your estimated mortgage range and walk in with it assembled.
Minimum down payment on a Delta home
| Median asking price | $1,279,800 |
| Minimum down payment | $102,980 |
| Twenty percent down | $255,960 |
| Mortgage default insurance | Available at the median price |
| Qualifying payment at 6.49% | $7,875 per month |
The minimum is five percent of the first $500,000, ten percent of any portion between $500,000 and $1,500,000, and twenty percent on anything above $1,500,000. The qualifying payment is arithmetic at an illustrative rate, not a quote.
What a lender is testing before any of this applies
- 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
These are the active listings the figures above describe. Asking prices move, and the payment moves with them.
Active listings in Delta
40
$1,449,900
5451 7b Avenue
Delta · Residential
5 bd
3 ba
2,178 sqft
$666/sqft
Built 1966
MLS® R3063385
Sutton Group Seafair Realty
New
20
$1,025,000
8986 Watson Court
Delta · Residential
3 bd
3 ba
1,757 sqft
$583/sqft
Built 1989
MLS® R3157851
Macdonald Realty (Surrey/152)
34
$1,529,000
11914 78B Avenue
Delta · Residential
7 bd
6 ba
3,135 sqft
$488/sqft
Built 2026
MLS® R3157789
Team 3000 Realty Ltd.
$1,529,000
11872 78B Avenue
Delta · Residential
7 bd
6 ba
3,183 sqft
$480/sqft
Built 2026
MLS® R3157791
Team 3000 Realty Ltd.
40
$1,300,000
6779 CHATEAU Court
Delta · Residential
6 bd
4 ba
4,138 sqft
$314/sqft
Built 1996
MLS® R3155936
1NE Collective Realty Inc.
38
$1,588,000
8256 TRONDHEIM Drive
Delta · Residential
4 bd
3 ba
3,553 sqft
$447/sqft
Built 2011
MLS® R3148030
Sutton Group-West Coast Realty
32
$1,499,000
6457 SUMMIT Crescent
Delta · Residential
2 bd
3 ba
3,445 sqft
$435/sqft
Built 1973
MLS® R3153493
LeHomes Realty Premier
31
$1,168,800
#80 – 10500 DELSOM Crescent
Delta · Residential
3 bd
3 ba
1,916 sqft
$610/sqft
Built 2014
MLS® R3137678
Nu Stream Realty Inc.
34
$1,349,000
7423 115 Street
Delta · Residential
4 bd
5 ba
2,289 sqft
$589/sqft
Built 2010
MLS® R3125083
Multiple Realty Ltd.
26
$1,389,000
6615 Lyon Road
Delta · Residential
4 bd
3 ba
2,246 sqft
$618/sqft
Built 1978
MLS® R3104730
Sutton Premier Realty
40
$1,397,700
8221 111B Street
Delta · Residential
6 bd
4 ba
3,047 sqft
$459/sqft
Built 2026
MLS® R3152203
Sutton Sarbat Realty
See all Delta listings (813 active listings)
Pre-approval in cities near Delta
Mortgage pre-approval in Surrey
$1,048,900 median asking price
Mortgage pre-approval in Vancouver
$1,398,000 median asking price
Mortgage pre-approval in Richmond
$1,020,000 median asking price
Mortgage pre-approval in Burnaby
$889,950 median asking price
Mortgage pre-approval in Kelowna
$799,000 median asking price
Mortgage pre-approval in Langley
$949,900 median asking price
Mortgage pre-approval in Abbotsford
$824,900 median asking price
Mortgage pre-approval in Coquitlam
$950,000 median asking price
Pre-approval questions in Delta
What income does a lender test a median-priced Delta purchase against?
A $1,279,800 purchase with $102,980 down leaves $1,176,820 to finance. At the qualifying rate of 6.49% over 25 years the payment is $7,875 a month, which on a thirty-nine percent gross debt service ratio implies a household income near $242,308. The census median household income in Delta is $108,000. Your own number will differ with your debts, your down payment, and your property taxes.
How much do I need for a down payment in Delta?
At the $1,279,800 median asking price, the federal minimum is $102,980, and twenty percent is $255,960. A price at or below $1,500,000 can carry mortgage default insurance, which is what makes the $102,980 minimum possible. The premium is added to the mortgage. Closing costs sit on top of the down payment.
Does a pre-approval mean the mortgage is approved?
No. A pre-approval is a lender’s conditional statement about you. Final approval also depends on the specific property, which the lender appraises and, for a condo, reviews the strata documents on.
Can I get pre-approved before I choose a city?
Yes, and it is the usual order. A pre-approval is based on your income, debts, and credit rather than on a particular home, so the amount travels with you across BC. The down payment minimum changes with the price, not with the city.
Delta homes for saleNarrow Delta homes by featureDelta market reportNew listings in DeltaDelta price dropsHome affordability in BCMortgage stress test
Listing data provided by the Greater Vancouver REALTORS® and partner boards under MLS® Reciprocity. Deemed reliable but not guaranteed accurate. MLS® and REALTOR® are trademarks of CREA. Asking prices come from the live MLS® feed through board reciprocity. Household income is the Statistics Canada census median for the city. Payment figures use an illustrative rate over a 25-year amortization and the federal qualifying rate. They are arithmetic, not a quote, and not an offer of credit. Ray Rasouli is a licensed REALTOR® with Real Broker B.C. Ltd. and is not a mortgage broker or a lender. Nothing on this page is financial advice, a rate quote, or an offer of credit.