40
$1,499,000
$533/sqft
4 bd · 4 ba · 2,814 sqft
1328 Stevens Street
White Rock · Single Family Residence
Listed by Homelife Benchmark Realty Corp.MLS® R3173750
Pre-approval · White Rock
What does a mortgage pre-approval in White Rock ask for?
At the $1,099,000 median asking price, you need $84,900 down. A lender tests a payment of $6,787 a month.
- Minimum down
- $84,900
- Monthly payment a lender tests
- $6,787
- Implied household income
- $208,831
Affordability estimate · 1 of 3
What is your household income before tax?
- Minimum down
- $84,900
- Monthly payment a lender tests
- $6,787
- Implied household income
- $208,831
What a White Rock buyer needs
At $1,099,000, the minimum down payment is $84,900 and twenty percent is $219,800. Lenders test the payment at the qualifying rate of 6.49%, not the illustrative 4.49%. That is $6,787 a month over 25 years, which needs a household income near $208,831. The White Rock census median is $73,000, about $135,831 short of the figure the payment implies.
Homes up to $1,500,000 can carry mortgage default insurance, which allows the $84,900 minimum.
Minimum down payment on a White Rock home
| Figure | Amount |
|---|---|
| Median asking price | $1,099,000 |
| Minimum down payment | $84,900 |
| Twenty percent down | $219,800 |
| Mortgage default insurance | Available at the median price |
| Qualifying payment at 6.49% | $6,787 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 White Rock
Active listings in White Rock
371 active listings
37
$679,000
$543/sqft
2 bd · 2 ba · 1,250 sqft
#307, 1551 Foster Street
White Rock · Apartment/Condo
Listed by Sutton Group Seafair RealtyMLS® R3121067
25
$550,000
$419/sqft
2 bd · 2 ba · 1,312 sqft
#201, 1440 George Street
White Rock · Apartment/Condo
Listed by Royal LePage Elite WestMLS® R3168752
35
$525,000
$491/sqft
2 bd · 2 ba · 1,070 sqft
#304, 15809 Marine Drive
White Rock · Apartment/Condo
Listed by Sutton Group-West Coast Realty (Surrey/24)MLS® R3172210
35
$929,900
$628/sqft
3 bd · 3 ba · 1,480 sqft
#8, 15918 Mountain View Drive
White Rock · Apartment/Condo
Listed by Coldwell Banker Executives RealtyMLS® R3173975
30
$565,000
$535/sqft
2 bd · 1 ba · 1,057 sqft
#102, 1322 Martin Street
White Rock · Apartment/Condo
Listed by Homelife Benchmark Realty Corp.MLS® R3166271
40
$619,000
$357/sqft
2 bd · 2 ba · 1,732 sqft
1789 Lilac Drive
White Rock · Townhouse
Listed by eXp Realty of Canada Inc.MLS® R3163711
37
$1,978,000
$1,192/sqft
3 bd · 2 ba · 1,660 sqft
15068 Victoria Avenue
White Rock · Single Family Residence
Listed by Macdonald Realty (White Rock)MLS® R3174282
40
$1,599,000
$490/sqft
4 bd · 4 ba · 3,264 sqft
1246 Oxford St Street
White Rock · Single Family Residence
Listed by Nu Stream Realty Inc.MLS® R3174313
40
$879,800
$647/sqft
2 bd · 2 ba · 1,360 sqft
#204, 15152 Russell Avenue
White Rock · Apartment/Condo
Listed by Real Broker B.C. Ltd.MLS® R3173608
40
$918,000
$908/sqft
2 bd · 2 ba · 1,011 sqft
#901, 1441 Johnston Road
White Rock · Apartment/Condo
Listed by Homelife Benchmark Realty Corp.MLS® R3173293
22
$2,850,000
$621/sqft
6 bd · 6 ba · 4,589 sqft
15354 Royal Avenue
White Rock · Single Family Residence
Listed by Dracco Pacific RealtyMLS® R3141039
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 White Rock
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 White Rock
At the $1,099,000 median, the minimum is $84,900 and twenty percent is $219,800. Homes up to $1,500,000 can carry mortgage default insurance, which allows the $84,900 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.