Everything you need to know about a Physician and Dentist loan | Weekly Tuesday Real Estate Tip

Everything you need to know about a Physician and Dentist loan | Weekly Tuesday Real Estate Tip

Every Tuesday, I go into detail a question I frequently get asked. Are you a medical resident, practicing physician, or a dentist? Did you know that you can buy with 0% down and no mortgage insurance? You don’t want to miss this video.


There are certain programs that many people are not familiar with. If people knew this, this is a highly competitive advantage to get out of renting much sooner or to trade up for a larger home without the need to save for a larger downpayment . My goal with this weekly tuesday tip series is not only educating the public, but also providing my network with competitive advantages since I personally track all of the different loan programs. This is a video if you are a medical resident, practicing physician, oral surgeon, dentist, or CPA or if you have friends that are these professions that are renting or living in a home smaller than they would like.


Many people are not aware that these professionals have some of the most flexible and lenient programs in the industry. Mortgage insurance is typically needed where a borrower goes less than 15% down. This is an insurance from the government that is there to protect the lender since the borrower is putting less than the standard amount down. It’s typically a monthly premium that’s added to a loan. However, certain lenders are willing to be more leveraged to help certain professionals get into a home faster. This is why these professionals I brought up, can buy homes with little to no money down and this goes for all sorts of price ranges. Take a look at the programs available.


-100% loan to $650K with no mortgage insurance

-95% loan to $1.25M with no mortgage insurance

-90% loan to $1.5M with no mortgage insurance

-80% loan to $1.75M obviously with no mortgage insurance.

-30, 20 and 15 year fixed loans as well as a 5 and 7 year ARM.

-Deferred school debt not counted in qualifying debt ratios

-For Residents & Fellows, MD, DO, DDS, DMD (other designations maybe acceptable)


These programs are subject to change so reach out to me to learn more about your scenario!


Certain hospital chains like Kaiser also provide a down payment assistance program which basically provides up to 10% at very little to no interest as long as you stay with the hospital for several years. Think about it as a use it or lose it benefit sign on package. This program stacks with the lending program offered by the bank so you can use this assistance to cover your commitments for the down payment.


Now which bank offers such a great program? Only one that I am aware of right now which is BBVA. Take advantage of this sooner than later since banks do change their guidelines over time. For example Bank of America, had changed their minimal down payment from 5 to 15% a few months so this is not something that may last forever.


If you are one of these professionals or know of anyone that is, even if they are a resident, it’s important for them to know about this program especially knowing that their monthly payment may already be lower than what their rent may be. If you have any questions, or would like to begin the homebuying journey, let’s talk! I’m never too busy to have a private conversation and share how I can help you every step of the way. If you found this video helpful, smash that like button, hit subscribe and click on that little bell. You’ll be notified every time I release a new video. Thanks for tuning in to another episode! Engineering a better life, today.


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If you’re interested in buying, selling, or investing in residential or commercial real estate in the 📍SF Bay Area, contact me today!


📧Spencer@spencerhsu.com

📞 (408) 547-4590

⏰ Set up a time to chat: https://calendly.com/spencerhsure

🌍 Find your dream Bay Area home https://www.homesbyspencerhsu.com/

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My Background: Born and raised in the Bay Area, I spent 11 years as Technology Sales Manager before becoming a Realtor. Having personally invested and done renovations through house flips in the Bay Area, I wanted to help busy professionals in the Bay Area tech industry find their dream home by leveraging tech, data and local insights. Our team specializes in creating trusted frameworks of buying, selling, and investing in the Bay Area. In 2022, we are thrilled to share that we have helped 80 clients in the Bay Area with their moves, which positions our team as the Top 1% groups in the country. Looking forward to helping you into your next home and save/earn you more money!

Spencer Hsu, MBA, Realtor

Spencer@SpencerHsu.com

408-547-4590

EXP Realty DRE #02077253

https://www.homesbyspencerhsu.com/

#BayAreaRealEstate

Jaksot(362)

PROS & CONS LIVING IN FOSTER CITY 2024 | Moving to Foster City | Bay Area Real Estate

PROS & CONS LIVING IN FOSTER CITY 2024 | Moving to Foster City | Bay Area Real Estate

Today, I'm taking you on a journey through the ins and outs of living in Foster City CA in 2023. If you're thinking about moving to Foster City or investing in Bay Area real estate, you won't want to miss this! I'll be sharing my insights on everything from the dynamic cultural scene to the cost of living. Don't forget to hit that like button, drop a comment, and subscribe for more Bay Area living tips. Let's discover Foster City together!--Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #siliconvalley

3 Tammi 20244min

Morgan Stanley Predicts a Decline? | Bay Area Real Estate News | Dec 2023 | Bay Area Housing Market

Morgan Stanley Predicts a Decline? | Bay Area Real Estate News | Dec 2023 | Bay Area Housing Market

Stay up-to-date with the latest trends and insights in the Bay Area real estate market for December 2023. Learn what's driving the market and how it may affect your home buying or selling decisions.Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area tech industry find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #MovingtoCalifornia

3 Tammi 202418min

Bay Area Living: 5 Life-Changing Reasons to Make the Move

Bay Area Living: 5 Life-Changing Reasons to Make the Move

🌟 Unlock Success in Silicon Valley: The Smart Move to the Bay Area! 🚀Are you pondering your next career move? Wondering where the heart of the tech world beats strongest? Join me, Spencer Hsu, your Bay Area Real Estate Agent, as we delve into the top 5 reasons ambitious individuals choose Silicon Valley as their playground.🌐 1. Job Opportunities Galore!Silicon Valley isn't just a tech hub; it's a career launchpad! Discover why this region attracts the brightest minds and most innovative companies, offering unparalleled job opportunities to those ready to make their mark.👥 2. Ambitious People and Thriving Work CultureSurround yourself with visionaries and pioneers in a work culture that thrives on ambition. Silicon Valley is the breeding ground for collaboration, innovation, and success. Find out why being part of this dynamic community can elevate your career to new heights.🍽️ 3. Location, Food, and LifestyleEasy access to diverse, mouth-watering cuisines, coupled with a lifestyle that caters to outdoor enthusiasts. Explore the vibrant food scene, and discover the myriad of activities the Bay Area offers, from running and hiking to skiing and wine tasting in nearby havens like Mendocino County and Carmel.☀️ 4. Weather and LifestyleBask in the Bay Area's unique weather, perfect for an active lifestyle. Whether you're into outdoor adventures or seeking a laid-back experience, Silicon Valley provides the ideal climate for both work and play.💲 5. Investment Opportunities in Real EstateThe elephant in the room: Cost. While rent may be higher, discover the financial wisdom behind investing in Bay Area real estate. I'll break down the myths, share success stories, and show you how owning property can be a game-changer for your financial future.🏠 Real Estate Wisdom: Homeownership in Silicon ValleyLearn the secrets of house hacking, living further out for affordable rents, and making savvy real estate investments. Uncover the numbers that demonstrate the incredible growth in Bay Area home prices and debunk the myths surrounding condo investments.📈 Condo Appreciation: A 335% Success StoryThink condos don't appreciate? Think again! Explore the surprising appreciation rates of condos compared to the national average, proving that condominiums can be a lucrative investment in the Bay Area.🌈 Create Your Game Plan Today! 🗓️Ready to make the smart move? Let's set up a Zoom strategy call. Call or text me at 408-547-4590, or find a convenient time in my calendar linked in the description. Whether you're considering a move to Silicon Valley or already here, let's navigate your options and create a personalized game plan for success!🌐 Connect with Me:📞 Call/Text: 408-547-4590Don't miss out on the Silicon Valley experience—subscribe, like, and share this video to unlock the secrets of success in the Bay Area! 🌟 #BayAreaLiving #SiliconValleySuccess #realestatewisdom --Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #siliconvalley

3 Tammi 20246min

Bay Area Real Estate: What to expect in the next year | 2024 Forecast

Bay Area Real Estate: What to expect in the next year | 2024 Forecast

🏡 Explore the Future of Bay Area Real Estate | 2024 ForecastCurious about what lies ahead in the dynamic Bay Area real estate market? Join us as we delve into the 2024 forecast, discussing anticipated trends, market shifts, and potential impacts on buyers and sellers. Gain valuable insights from industry experts, and make informed decisions for your real estate journey. Don't miss this comprehensive overview of the Bay Area's real estate landscape—subscribe now for a glimpse into what the next year holds! 🌟 #BayAreaRealEstate #2024Forecast #RealEstateTrends #HousingMarket #PropertyInvestment--Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #siliconvalley

3 Tammi 20246min

Exploring Fremont, California: Pros and Cons of Living in this Quiet Suburb

Exploring Fremont, California: Pros and Cons of Living in this Quiet Suburb

Welcome to Fremont, California, the hardware side of the Bay Area! I'm Spencer Hsu, a Bay Area Realtor and native, and in this video, I'll be your guide through the pros and cons of living in Fremont to help you decide if it's the right place for you.🏡 Diverse Housing Options:Fremont offers a diverse range of housing options, from cozy apartments to spacious townhomes and new condos under construction. Whether you're a first-time homebuyer or looking to upgrade, Fremont has something for everyone.📚 Top-notch Schools:Education is a priority in Fremont, with an excellent school system that caters to families seeking a community that values learning.🍽️ Culinary Delights:Foodies, rejoice! Fremont is a haven for diverse culinary experiences, from local gems to international cuisines. Personally, I love the Indian, Chinese, and Japanese food scene here.🏡 Quiet Suburb Life:Escape the hustle and bustle of city life and enjoy the tranquility of suburban living in Fremont, where parking is a breeze, and navigating the city is stress-free.🌳 Beautiful Parks and Recreation:Fremont boasts fantastic parks catering to various interests, providing opportunities for leisurely strolls, tennis, vibrant festivals, and even soccer enthusiasts.🚇 Public Transit Options:Getting around is easy with access to BART and Amtrak, making daily commuting and exploring surrounding areas convenient.🏥 Quality Healthcare:Fremont ensures residents have access to reputable healthcare facilities like Washington Hospital, Kaiser, Sutter Health, and Fremont Hospital.🌞 Mild Climate:Enjoy a Mediterranean climate with mild, wet winters and warm, dry summers, making outdoor activities ideal year-round.Now, let's talk about the cons:🌃 Limited Nightlife:Fremont tends to be quiet after dark, with limited options for evening entertainment. Night owls may find the nightlife scene lacking.🚗 Traffic Woes:Traffic congestion along highways can be challenging during peak hours, especially given Fremont's central location, attracting commuters from various areas.🏡 Housing Prices:The real estate market is competitive, leading to higher housing prices. Condos start at $770k, townhomes at $1.1M +/-, and SFH median is $1.75M. Nearby areas like Newark or Union City offer more affordable options.In conclusion, Fremont offers a peaceful suburban lifestyle with trade-offs. If you're considering a move, carefully weigh these factors. Let's craft a game plan for your buying and selling goals.--Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #siliconvalley

3 Tammi 20244min

New California Housing Laws 2024

New California Housing Laws 2024

🏡 New S.F. Housing Scrutiny: California's Annual Check-InIn a groundbreaking move, California's housing agency will commence yearly evaluations of San Francisco's progress toward state-mandated housing goals, beginning next year. This heightened scrutiny, championed by Senator Scott Wiener, places San Francisco under a more frequent review compared to other regions, which will be assessed every four years. Wiener, the law's architect, attributes this decision to his city's sluggish pace in approving new housing projects, blaming the Board of Supervisors and the notoriously slow permitting process. The newly enacted law, SB423, adds to the mounting pressure on San Francisco, following an unprecedented audit of its housing approval process by the state housing agency. Failure to streamline processes may lead to the city relinquishing control over permitting.🏠 "Yes In God's Backyard" Law: Affordable Housing SimplifiedBreaking barriers to affordable housing, SB 4, or the "Yes In God's Backyard" (YIGBY) law, provides a streamlined path for churches and nonprofit education institutions to build affordable housing on their land. This exemption spares them from the cumbersome rezoning process and reviews under the California Environmental Quality Act (CEQA). Anticipated to open up approximately 171,000 acres for development across the state, this law is a crucial step in addressing California's housing crisis. Organizations opting for streamlined affordable housing must commit to maintaining the affordability of homes for a minimum of 55 years for rentals and 45 years for owner-occupied units.Read more about these developments at SacBee.🔒 Security Deposit Cap: A Game-Changer for RentersNavigating the rental landscape in many California cities can be daunting, and sky-high security deposits only exacerbate the challenge. Current state law permits landlords to request security deposits equivalent to two months' rent for unfurnished units or three months' rent for furnished units. However, with the implementation of AB12 by San Francisco Assembly Member Matt Haney on July 1, 2024, this will be capped at the equivalent of one month's rent. This move aims to alleviate financial burdens on renters and improve access to housing in high-demand areas.🛴 SB 712: Storing Mobility Devices in Rental SpacesIn another tenant-friendly move, SB 712 allows tenants to store electric scooters and bicycles in their apartments, provided the battery meets specific safety standards. In cases where the battery falls short of safety criteria, tenants may need to obtain liability insurance or may face restrictions on charging the mobility device indoors.Stay informed about California's evolving housing landscape as these laws come into effect and shape the future of housing in the state.-Spencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #siliconvalley

3 Tammi 20246min

Bay Area Real Estate Market Update 2024

Bay Area Real Estate Market Update 2024

Welcome to our latest Bay Area real estate market update for 2024! In this video, we'll dive into the current state of the Bay Area housing market, providing you with valuable insights, trends, and predictions to help you navigate this dynamic real estate landscape. Whether you're a prospective buyer, seller, or simply interested in the housing market trends, this video is a must-watch. Stay tuned as we break down the latest statistics, discuss key factors influencing the market, and offer expert advice to make informed decisions. Don't forget to like, subscribe, and hit that notification bell to stay up-to-date with all things Bay Area real estate! 🌆🏠 #BayAreaRealEstate #RealEstateMarketUpdate #2024HousingTrendsSpencer Hsu is a Bay Area Real Estate Agent, a Residential, New Home Construction and Relocations specialist with eXp Realty LLC. Serving the entire Bay Area. He aims to help busy professionals in the Bay Area find their dream homes by leveraging tech, data and local insights.CONTACT ME: Call / Text: (408) 547- 4590DRE 02077253Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #siliconvalley

2 Tammi 202411min

Unlocking Wealth at Home: Bay Area Luxury Estate Sale Interview with a Top Liquidator

Unlocking Wealth at Home: Bay Area Luxury Estate Sale Interview with a Top Liquidator

Discover the secrets of unlocking wealth from unwanted belongings with Kuzak's Closet, a full-service professional estate liquidation company in the Bay Area! In this video, we sit down with the experts to learn how they help clients transform their unused items into a goldmine. From luxury estate sales to unique finds, uncover the potential of your hidden treasures!

14 Loka 202322min

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