2
$169,000
5316 SHELLBURN Road
Prince George · Vacant Land
Listed by Century 21 Energy Realty (PG)MLS® R3152827
Pre-approval · Prince George
What does a mortgage pre-approval in Prince George ask for?
At the $399,900 median asking price, you need $19,995 down. A lender tests a payment of $2,542 a month.
- Minimum down
- $19,995
- Monthly payment a lender tests
- $2,542
- Implied household income
- $78,215
Affordability estimate · 1 of 3
What is your household income before tax?
- Minimum down
- $19,995
- Monthly payment a lender tests
- $2,542
- Implied household income
- $78,215
What a Prince George buyer needs
At $399,900, the minimum down payment is $19,995 and twenty percent is $79,980. Lenders test the payment at the qualifying rate of 6.49%, not the illustrative 4.49%. That is $2,542 a month over 25 years, which needs a household income near $78,215. The Prince George census median is $88,000, about $9,785 above the figure the payment implies.
Homes up to $1,500,000 can carry mortgage default insurance, which allows the $19,995 minimum.
Minimum down payment on a Prince George home
| Figure | Amount |
|---|---|
| Median asking price | $399,900 |
| Minimum down payment | $19,995 |
| Twenty percent down | $79,980 |
| Mortgage default insurance | Available at the median price |
| Qualifying payment at 6.49% | $2,542 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 Prince George
Active listings in Prince George
813 active listings
4
$169,000
5390 SHELLBURN Road
Prince George · Vacant Land
Listed by Century 21 Energy Realty (PG)MLS® R3115721
34
$439,900
$213/sqft
5 bd · 2 ba · 2,065 sqft
195 PORTAGE Street
Prince George · Single Family
Listed by RE/MAX Core RealtyMLS® R3174385
37
$484,500
$237/sqft
5 bd · 2 ba · 2,043 sqft
4231 MERTON Crescent
Prince George · Single Family
Listed by Maxsave Real Estate ServicesMLS® R3174348
36
$259,000
$213/sqft
3 bd · 2 ba · 1,216 sqft
#44, 5164 HART Highway
Prince George · Single Family
Listed by Royal LePage Aspire RealtyMLS® R3174236
31
$779,977
$310/sqft
4 bd · 3 ba · 2,515 sqft
9365 OLAF Road
Prince George · Single Family
Listed by RE/MAX Core RealtyMLS® R3149997
16
$99,999
$98/sqft
3 bd · 1 ba · 1,025 sqft
#106, 5130 NORTH NECHAKO Road
Prince George · Single Family
Listed by 2 Percent Realty ExpertsMLS® R3174378
23
$365,000
$364/sqft
4 bd · 2 ba · 1,002 sqft
404 MCINNIS Avenue
Prince George · Single Family
Listed by Team Powerhouse RealtyMLS® R3164765
21
$319,900
$169/sqft
3 bd · 1 ba · 1,893 sqft
295 MOFFAT Street
Prince George · Single Family
Listed by Team Powerhouse RealtyMLS® R3151178
40
$719,900
$210/sqft
6 bd · 4 ba · 3,425 sqft
4224 AVISON Place
Prince George · Single Family
Listed by eXp RealtyMLS® R3174088
4
$410,000
$201/sqft
5 bd · 2 ba · 2,040 sqft
3644 WILLOWDALE Drive
Prince George · Single Family
Listed by Royal LePage Aspire RealtyMLS® R3173935
17
$184,900
$174/sqft
3 bd · 1 ba · 1,064 sqft
2114 STRATHCONA Avenue
Prince George · Single Family
Listed by RE/MAX Core RealtyMLS® R3173926
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 Prince George
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 Prince George
At the $399,900 median, the minimum is $19,995 and twenty percent is $79,980. Homes up to $1,500,000 can carry mortgage default insurance, which allows the $19,995 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.