25
$739,000
$429/sqft
3 bd · 3 ba · 1,723 sqft
#103, 687 Strandlund Avenue
Langford · Single Family
Listed by Pemberton Holmes Ltd.MLS® 1051479
Pre-approval · Langford
What does a mortgage pre-approval in Langford ask for?
At the $699,000 median asking price, you need $44,900 down. A lender tests a payment of $4,377 a month.
- Minimum down
- $44,900
- Monthly payment a lender tests
- $4,377
- Implied household income
- $134,677
Affordability estimate · 1 of 3
What is your household income before tax?
- Minimum down
- $44,900
- Monthly payment a lender tests
- $4,377
- Implied household income
- $134,677
What a Langford buyer needs
At $699,000, the minimum down payment is $44,900 and twenty percent is $139,800. Lenders test the payment at the qualifying rate of 6.49%, not the illustrative 4.49%. That is $4,377 a month over 25 years, which needs a household income near $134,677. The Langford census median is $93,000, about $41,677 short of the figure the payment implies.
Homes up to $1,500,000 can carry mortgage default insurance, which allows the $44,900 minimum.
Minimum down payment on a Langford home
| Figure | Amount |
|---|---|
| Median asking price | $699,000 |
| Minimum down payment | $44,900 |
| Twenty percent down | $139,800 |
| Mortgage default insurance | Available at the median price |
| Qualifying payment at 6.49% | $4,377 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 Langford
Active listings in Langford
572 active listings
38
$599,999
$521/sqft
3 bd · 1 ba · 1,152 sqft
1024 Dunford Avenue
Langford · Single Family
Listed by RE/MAX CamosunMLS® 1051851
54
$1,020,000
$361/sqft
3 bd · 3 ba · 2,823 sqft
3549 Sun Estate
Langford · Single Family
Listed by Pemberton Holmes Ltd.MLS® 1045085
27
$536,000
$433/sqft
2 bd · 3 ba · 1,239 sqft
#201, 785 Station Avenue
Langford · Single Family
Listed by Team 3000 Realty LtdMLS® 1045098
26
$579,900
$542/sqft
2 bd · 2 ba · 1,069 sqft
#602, 810 Orono Avenue
Langford · Single Family
Listed by Royal LePage Coast Capital - ChattertonMLS® 1051817
41
$909,900
$417/sqft
4 bd · 4 ba · 2,180 sqft
833 Blackbird Place
Langford · Single Family
Listed by Royal LePage Coast Capital - ChattertonMLS® 1051868
66
$2,188,000
$643/sqft
4 bd · 4 ba · 3,404 sqft
2152 Champions Way
Langford · Single Family
Listed by Coldwell Banker Oceanside Real EstateMLS® 1051660
9
$389,000
$595/sqft
1 bd · 1 ba · 654 sqft
#109, 1371 Goldstream Avenue
Langford · Single Family
Listed by Royal LePage Coast Capital - WestshoreMLS® 1051956
32
$499,000
$564/sqft
2 bd · 2 ba · 884 sqft
#307, 2823 Jacklin Road
Langford · Single Family
Listed by Fair RealtyMLS® 1051690
30
$799,900
$563/sqft
3 bd · 3 ba · 1,420 sqft
#214, 2770 Vantilburg Crescent
Langford · Single Family
Listed by Engel & Volkers Vancouver IslandMLS® 1051935
56
$1,065,000
$252/sqft
6 bd · 4 ba · 4,221 sqft
2511 Florence Lake Road
Langford · Single Family
Listed by Royal LePage Coast Capital - WestshoreMLS® 1051848
41
$698,000
$339/sqft
3 bd · 3 ba · 2,059 sqft
2105 Greenhill Rise
Langford · Single Family
Listed by Pemberton Holmes Ltd - SidneyMLS® 1051823
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 Langford
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 Langford
At the $699,000 median, the minimum is $44,900 and twenty percent is $139,800. Homes up to $1,500,000 can carry mortgage default insurance, which allows the $44,900 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.