16
$139,900
$151/sqft
3 bd · 1 ba · 924 sqft
#83, 770 ELEVENTH Avenue
Williams Lake · Single Family
Listed by Royal LePage Interior PropertiesMLS® R3174382
Pre-approval · Williams Lake
What does a mortgage pre-approval in Williams Lake ask for?
At the $468,000 median asking price, you need $23,400 down. A lender tests a payment of $2,975 a month.
- Minimum down
- $23,400
- Monthly payment a lender tests
- $2,975
- Implied household income
- $91,538
Affordability estimate · 1 of 3
What is your household income before tax?
- Minimum down
- $23,400
- Monthly payment a lender tests
- $2,975
- Implied household income
- $91,538
What a Williams Lake buyer needs
At $468,000, the minimum down payment is $23,400 and twenty percent is $93,600. Lenders test the payment at the qualifying rate of 6.49%, not the illustrative 4.49%. That is $2,975 a month over 25 years, which needs a household income near $91,538. The Williams Lake census median is $76,500, about $15,038 short of the figure the payment implies.
Homes up to $1,500,000 can carry mortgage default insurance, which allows the $23,400 minimum.
Minimum down payment on a Williams Lake home
| Figure | Amount |
|---|---|
| Median asking price | $468,000 |
| Minimum down payment | $23,400 |
| Twenty percent down | $93,600 |
| Mortgage default insurance | Available at the median price |
| Qualifying payment at 6.49% | $2,975 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 Williams Lake
Active listings in Williams Lake
178 active listings
35
$499,000
$248/sqft
4 bd · 2 ba · 2,013 sqft
1350 ELEVENTH Avenue
Williams Lake · Single Family
Listed by RE/MAX Williams Lake RealtyMLS® R3173989
32
$245,000
$213/sqft
3 bd · 1 ba · 1,150 sqft
#12, 800 SECOND Avenue
Williams Lake · Single Family
Listed by eXp Realty (100 Mile)MLS® R3173540
35
$557,000
$206/sqft
4 bd · 3 ba · 2,710 sqft
590 PIGEON Avenue
Williams Lake · Single Family
Listed by Real Broker BC LTDMLS® R3173545
25
$120,000
$152/sqft
2 bd · 1 ba · 787 sqft
#101, 282 BROADWAY Avenue
Williams Lake · Single Family
Listed by RE/MAX Williams Lake RealtyMLS® R3167485
39
$975,000
$247/sqft
4 bd · 4 ba · 3,947 sqft
2104 AQUA VIEW Place
Williams Lake · Single Family
Listed by RE/MAX Williams Lake RealtyMLS® R3127136
15
$225,000
$439/sqft
1 bd · 1 ba · 512 sqft
LOT – 2 NEMAIAH VALLEY Road
Williams Lake · Recreational
Listed by Crosina Realty Ltd.MLS® R3173533
15
$329,000
$202/sqft
3 bd · 2 ba · 1,630 sqft
#54, 350 PEARKES Drive
Williams Lake · Single Family
Listed by eXp Realty (100 Mile)MLS® R3173909
33
$519,000
$134/sqft
4 bd · 2 ba · 3,862 sqft
319 CLEARVIEW Crescent
Williams Lake · Single Family
Listed by eXp RealtyMLS® R3173660
21
$229,000
$329/sqft
1 bd · 0 ba · 697 sqft
LOT – 1 NEMAIAH VALLEY Road
Williams Lake · Recreational
Listed by Crosina Realty Ltd.MLS® R3173512
40
$3,450,000
0 sqft
19647 20 Highway
Williams Lake · Agriculture
Listed by RE/MAX Nyda Realty (Agassiz)MLS® C8082670
37
$609,000
$211/sqft
5 bd · 3 ba · 2,880 sqft
1300 GUN-A-NOOT Trail
Williams Lake · Single Family
Listed by Royal LePage Interior PropertiesMLS® R3173828
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 Williams Lake
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 Williams Lake
At the $468,000 median, the minimum is $23,400 and twenty percent is $93,600. Homes up to $1,500,000 can carry mortgage default insurance, which allows the $23,400 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.