25
$289,000
#9 – 27111 0 Avenue
Langley · Residential
2 bd
1 ba
784 sqft
$369/sqft
Built 1977
MLS® R3126290
Century 21 Creekside Realty
Pre-approval · Langley
What does a mortgage pre-approval in Langley actually ask for?
The median asking price in Langley is $949,900. At that price the minimum down payment is $69,990, 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
$949,900
Minimum down payment
$69,990
Qualifying payment
$5,889/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 Langley buyer
A $949,900 asking price puts the minimum down payment at $69,990 under the federal rules, and twenty percent at $189,980. Financing the remaining $879,910 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 $5,889 a month over 25 years. On a thirty-nine percent gross debt service ratio, that payment implies a household income near $181,200. The census median household income in Langley is $108,000, which is about $73,200 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 $69,990 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 Langley home
| Median asking price | $949,900 |
| Minimum down payment | $69,990 |
| Twenty percent down | $189,980 |
| Mortgage default insurance | Available at the median price |
| Qualifying payment at 6.49% | $5,889 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 Langley
These are the active listings the figures above describe. Asking prices move, and the payment moves with them.
Active listings in Langley
New
$1,550,000
21015 80a Avenue
Langley · Residential
5 bd
5 ba
2,816 sqft
$550/sqft
Built 2012
MLS® R3158144
Sutton Group - 1st West Realty
Open House on Sat, 1pm–3pm
36
$1,339,900
23913 58a Avenue
Langley · Residential
4 bd
3 ba
2,521 sqft
$531/sqft
Built 1982
MLS® R3133397
Royal LePage - Wolstencroft
40
$3,888,000
20152 2 Avenue
Langley · Residential
5 bd
7 ba
5,991 sqft
$649/sqft
Built 2011
MLS® R3150429
RE/MAX Colonial Pacific Realty
New
35
$444,888
#311 – 5375 205th Street
Langley · Residential
2 bd
2 ba
1,114 sqft
$399/sqft
Built 1991
MLS® R3157491
Oakwyn Realty Ltd.
Newly Listed
38
$1,299,000
20050 50a Avenue
Langley · Residential
5 bd
3 ba
2,444 sqft
$532/sqft
Built 1979
MLS® R3156771
Stonehaus Realty Corp.
Open House on Sat, 1pm–3pm
38
$823,000
#63 – 8068 207 Street
Langley · Residential
4 bd
4 ba
1,766 sqft
$466/sqft
Built 2014
MLS® R3133031
Emily Oh Realty
New
29
$1,286,000
9457 215a Street
Langley · Residential
4 bd
3 ba
2,184 sqft
$589/sqft
Built 1988
MLS® R3158338
Oakwyn Realty Ltd.
Open House on Sun, 2pm–4pm
40
$849,000
#68 – 20180 84 Avenue
Langley · Residential
3 bd
3 ba
1,466 sqft
$579/sqft
Built 2021
MLS® R3146662
Sutton Group - 1st West Realty
Newly Listed
$639,900
#610 – 7936 206 Street
Langley · Residential
3 bd
2 ba
951 sqft
$673/sqft
Built 2025
MLS® R3157437
Momentum Realty Inc.
Newly Listed
$614,900
#404 – 7936 206 Street
Langley · Residential
1 bd
2 ba
947 sqft
$649/sqft
Built 2025
MLS® R3157417
Momentum Realty Inc.
Newly Listed
$549,900
#504 – 7936 206 Street
Langley · Residential
2 bd
2 ba
809 sqft
$680/sqft
Built 2025
MLS® R3157416
Momentum Realty Inc.
See all Langley listings (1,848 active listings)
Pre-approval in cities near Langley
Mortgage pre-approval in Surrey
$1,048,000 median asking price
Mortgage pre-approval in Vancouver
$1,398,000 median asking price
Mortgage pre-approval in Richmond
$1,019,000 median asking price
Mortgage pre-approval in Burnaby
$890,000 median asking price
Mortgage pre-approval in Kelowna
$799,000 median asking price
Mortgage pre-approval in Abbotsford
$824,900 median asking price
Mortgage pre-approval in Coquitlam
$952,450 median asking price
Mortgage pre-approval in Chilliwack
$729,000 median asking price
Pre-approval questions in Langley
What income does a lender test a median-priced Langley purchase against?
A $949,900 purchase with $69,990 down leaves $879,910 to finance. At the qualifying rate of 6.49% over 25 years the payment is $5,889 a month, which on a thirty-nine percent gross debt service ratio implies a household income near $181,200. The census median household income in Langley 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 Langley?
At the $949,900 median asking price, the federal minimum is $69,990, and twenty percent is $189,980. A price at or below $1,500,000 can carry mortgage default insurance, which is what makes the $69,990 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.
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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.