37
$425,000
575 HARCOURT Avenue
Quesnel · Residential
4 bd
4 ba
2,400 sqft
$177/sqft
Built 1979
MLS® R3152580
Royal LePage Aspire Realty (Qsnl)
Pre-approval · Quesnel
What does a mortgage pre-approval in Quesnel actually ask for?
The median asking price in Quesnel is $377,500. At that price the minimum down payment is $18,875, 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
$377,500
Minimum down payment
$18,875
Qualifying payment
$2,400/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 Quesnel buyer
A $377,500 asking price puts the minimum down payment at $18,875 under the federal rules, and twenty percent at $75,500. Financing the remaining $358,625 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 $2,400 a month over 25 years. On a thirty-nine percent gross debt service ratio, that payment implies a household income near $73,846. The census median household income in Quesnel is $67,000, which is about $6,846 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 $18,875 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 Quesnel home
| Median asking price | $377,500 |
| Minimum down payment | $18,875 |
| Twenty percent down | $75,500 |
| Mortgage default insurance | Available at the median price |
| Qualifying payment at 6.49% | $2,400 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 Quesnel
These are the active listings the figures above describe. Asking prices move, and the payment moves with them.
Active listings in Quesnel
40
$559,000
3482 KIRKHAM Road
Quesnel · Residential
4 bd
3 ba
2,384 sqft
$234/sqft
Built 1990
MLS® R3147672
Royal LePage Aspire Realty (Qsnl)
35
$434,900
453 HUTCHCROFT Street
Quesnel · Residential
5 bd
3 ba
2,300 sqft
$189/sqft
Built 1972
MLS® R3118991
Royal LePage Aspire Realty (Qsnl)
40
$599,900
4006 BLUESTONE Road
Quesnel · Residential
4 bd
3 ba
1,488 sqft
$403/sqft
Built 1996
MLS® R3158083
Century 21 Energy Realty(Qsnl)
40
$315,000
1122 ELLISON Road
Quesnel · Residential
3 bd
2 ba
1,525 sqft
$207/sqft
Built 1972
MLS® R3153946
Century 21 Energy Realty(Qsnl)
28
$162,500
#17 – 562 ELM Street
Quesnel · Residential
2 bd
1 ba
996 sqft
$163/sqft
Built 1974
MLS® R3156101
Royal LePage Aspire Realty (Qsnl)
35
$214,900
#7 – 654 NORTH FRASER Drive
Quesnel · Residential
2 bd
2 ba
924 sqft
$233/sqft
Built 2019
MLS® R3125451
Royal LePage Aspire Realty (Qsnl)
36
$440,000
8351 TZENZAICUT LAKE FOREST SERVICE Road
Quesnel · Residential
3 bd
2 ba
950 sqft
$463/sqft
Built 1980
MLS® R3157201
6 Diamond Realty Inc.
19
$199,900
930 HESKETH Road
Quesnel · Residential
3 bd
1 ba
1,407 sqft
$142/sqft
Built 1976
MLS® R3157687
Century 21 Energy Realty(Qsnl)
40
$539,000
3035 BARKERVILLE Highway
Quesnel · Residential
2 bd
1 ba
1,040 sqft
$518/sqft
Built 1978
MLS® R3157345
Century 21 Energy Realty(Qsnl)
37
$260,000
1232 MARSH Road
Quesnel · Residential
3 bd
1 ba
1,156 sqft
$225/sqft
Built 1973
MLS® R3141173
Royal LePage Aspire Realty (Qsnl)
40
$599,900
1765 LOMBARDIE Drive
Quesnel · Residential
5 bd
3 ba
3,100 sqft
$194/sqft
Built 1996
MLS® R3157871
RE/MAX Williams Lake Realty
See all Quesnel listings (240 active listings)
Pre-approval in cities near Quesnel
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 Quesnel
What income does a lender test a median-priced Quesnel purchase against?
A $377,500 purchase with $18,875 down leaves $358,625 to finance. At the qualifying rate of 6.49% over 25 years the payment is $2,400 a month, which on a thirty-nine percent gross debt service ratio implies a household income near $73,846. The census median household income in Quesnel is $67,000. 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 Quesnel?
At the $377,500 median asking price, the federal minimum is $18,875, and twenty percent is $75,500. A price at or below $1,500,000 can carry mortgage default insurance, which is what makes the $18,875 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.