40
$499,000
$346/sqft
3 bd · 2 ba · 1,442 sqft
#154, 1702 DYKE Road
Quesnel · Single Family
Listed by Royal LePage Aspire Realty (Qsnl)MLS® R3160556
Pre-approval · Quesnel
What does a mortgage pre-approval in Quesnel ask for?
At the $349,450 median asking price, you need $17,473 down. A lender tests a payment of $2,222 a month.
- Minimum down
- $17,473
- Monthly payment a lender tests
- $2,222
- Implied household income
- $68,369
Affordability estimate · 1 of 3
What is your household income before tax?
- Minimum down
- $17,473
- Monthly payment a lender tests
- $2,222
- Implied household income
- $68,369
What a Quesnel buyer needs
At $349,450, the minimum down payment is $17,473 and twenty percent is $69,890. Lenders test the payment at the qualifying rate of 6.49%, not the illustrative 4.49%. That is $2,222 a month over 25 years, which needs a household income near $68,369. The Quesnel census median is $67,000, close to the figure the payment implies.
Homes up to $1,500,000 can carry mortgage default insurance, which allows the $17,473 minimum.
Minimum down payment on a Quesnel home
| Figure | Amount |
|---|---|
| Median asking price | $349,450 |
| Minimum down payment | $17,473 |
| Twenty percent down | $69,890 |
| Mortgage default insurance | Available at the median price |
| Qualifying payment at 6.49% | $2,222 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 Quesnel
Active listings in Quesnel
212 active listings
40
$795,000
$191/sqft
4 bd · 4 ba · 4,156 sqft
1147 CROFT Road
Quesnel · Single Family
Listed by Royal LePage Aspire Realty (Qsnl)MLS® R3173972
32
$549,900
$166/sqft
4 bd · 4 ba · 3,315 sqft
1897 DRAGON HILL Road
Quesnel · Single Family
Listed by Royal LePage Aspire Realty (Qsnl)MLS® R3161649
31
$309,900
$196/sqft
3 bd · 2 ba · 1,580 sqft
2630 ROBERTA Road
Quesnel · Single Family
Listed by 6 Diamond Realty Inc.MLS® R3161267
23
$269,000
$245/sqft
3 bd · 2 ba · 1,100 sqft
1017 HAZEL Road
Quesnel · Single Family
Listed by 6 Diamond Realty Inc.MLS® R3160003
37
$430,000
$1,150/sqft
0 bd · 0 ba · 374 sqft
SE 1/4 – DL 4403 CINEMA Road
Quesnel · Recreational
Listed by eXp RealtyMLS® R3132453
40
$589,900
$258/sqft
4 bd · 3 ba · 2,288 sqft
136 GROSZ Road
Quesnel · Single Family
Listed by Royal LePage Aspire Realty (Qsnl)MLS® R3174279
36
$598,000
$258/sqft
4 bd · 3 ba · 2,318 sqft
105 LOWE Street
Quesnel · Single Family
Listed by Royal LePage Aspire Realty (Qsnl)MLS® R3174177
21
$230,000
$194/sqft
2 bd · 1 ba · 1,186 sqft
3994 CARAVELLE Road
Quesnel · Single Family
Listed by Century 21 Energy Realty(Qsnl)MLS® R3173397
28
$145,000
$146/sqft
2 bd · 1 ba · 996 sqft
#17, 562 ELM Street
Quesnel · Single Family
Listed by Royal LePage Aspire Realty (Qsnl)MLS® R3156101
40
$347,900
$242/sqft
3 bd · 1 ba · 1,437 sqft
3925 AIRD Road
Quesnel · Single Family
Listed by Century 21 Energy Realty(Qsnl)MLS® R3174001
15
$380,000
$329/sqft
2 bd · 1 ba · 1,155 sqft
629 WILSON Street
Quesnel · Single Family
Listed by Royal LePage Aspire Realty (Qsnl)MLS® R3173373
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 Quesnel
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 Quesnel
At the $349,450 median, the minimum is $17,473 and twenty percent is $69,890. Homes up to $1,500,000 can carry mortgage default insurance, which allows the $17,473 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.