Mortgage Pre-approval

Applicants are required to include documentation confirming mortgage pre-approval for a specific amount and the amount of downpayment available.

The form provided as part of the application package must be signed by a financial institution representative or mortgage broker. Some financial institutions do not have experience with this type of affordable housing purchase program and may need time to learn about it; Bowen Island’s First Credit Union branch is familiar with this process.

Full details are contained in the application package.