Things that you must know about Bay Area Home Lending

Things that you must know about Bay Area Home Lending

Every Tuesday, I go into detail a question I frequently get asked. What do you need to know about Bay Area Home Lending?


This is the first step that needs to be done before looking for a home! You want to understand what your loan ceiling is as this is what I call a hard ceiling. There isn’t a point of looking at properties above this amount unless you are able to get gift money or financial support from others. Nevertheless, there are alot of lenders and loan programs out there, so what do you do?


Banks constantly change their guidelines and take turns being the most competitive but there are a few things to be aware of. I do what I can to constantly monitor and track the strengths/weaknesses of each bank so that my clients can get an advantage.


There are two common types of loan programs. A 30 year fixed rate, or an Adjustable rate mortgage. Many people decide between the two based off of how they feel about interest rates changing in the future and their time horizon of owning the property. If you are certain that you will be using the home as a tradeup and plan to sell within 5-7 years, many people opt for the ARM rate and save money on their monthly payments. ARM rates are typically lower by 0.25% to 0.5% from a 30 year fixed rate.


When it comes to home purchases that require at least a $250k+ down payment, Wells Fargo is currently very hard to beat. They still have a program called Assets Under Management which allows clients to buy down rates with money that they would’ve used for down payment anyways! Other private client programs require the money to stay in the account after the transaction takes place so this is a great benefit for those that know about it.


Physician loans, especially tied with companies like Kaiser, has some of the best programs out there. Depending on what kind of offer you receive from a local Kaiser, many physicians at Kaiser have down payment assistance where Kaiser covers 10% of your down payment. Physicians, without support from their company have loan programs that can buy with 5% down, will have no mortgage insurance, and can buy up to $1.2M. Mortgage insurance is a extra monthly cost that you pay since you don’t have much skin in the game initially in the home. You may ask, wait if Kaiser can cover 10%, and a standard physician loan requires 5%, does this mean I don’t need to put any money down? Bingo! You can reach out to me to learn more about this as to how this process works but you can note for all of your physician friends, there isn’t much of an excuse to not be a homeowner! BBVA has the best programs for this.


If you are a first time buyer, you don’t have to buy with 20%. That is a misconception. There are plenty of programs for as low as 3.5% down for everyone to take advantage of. There is a max of your purchase amount of up to $765,600 but there are plenty of properties all throughout the Bay Area to get in this category. People ask me, but there is mortgage insurance? It’s always better to get into the homeownership side of the table than as a renter where that is a guarantee sunk cost. As the value of your home rises over time, you also have the option to refinance the PMI out since the PMI is needed due to initially having very little equity/skin in the game. It also accelerates you and frees up that capital to do other things with your money. Mortgage brokers are great candidates for this and tend to be more flexible than banks.


All of these are great options because you are leveraging record low interest rates and getting out of the rental space. I have great lending partners as very much like Realtors, there are a lot of loan officers out there and they are not all equal from a knowledge perspective, communication, and work ethic.. If you or anyone you know is considering to buy, sell, or invest in the Bay Area, let’s talk! I’m never too busy to be introduced and I have helped several clients from these videos itself! If you liked this video, be sure to share it with your friends, leave a comment with what you think, hit that like button and subscribe to my youtube channel! I look forward to seeing you at the next one.


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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/

🎙️ Listen to my podcast: https://redcircle.com/shows/bayarearealestate

📸Follow me on Instagram: https://www.instagram.com/spencerhsure

🧑‍💼 Let's connect on LinkedIn: https://www.linkedin.com/in/spencerhsu

🛎 Don’t forget to subscribe for the latest real estate tips and updates: https://forms.gle/c5xkznHLTBh7Yzgi7

🏠💲 Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMW

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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

Episoder(362)

Bay Area First Time Buyers NEED To See This Neighborhood! (Newark CA Bayshore Gateway)

Bay Area First Time Buyers NEED To See This Neighborhood! (Newark CA Bayshore Gateway)

🏠 Bay Area first-time buyers, this is YOUR neighborhood! Discover Newark, CA’s Bayshore Gateway—perfect for starter homes or downsizing. Join Spencer Hsu, Bay Area native and real estate pro (300+ families helped in 6 years), as he tours this gem in our latest video!✨ Why Bayshore Gateway?• Prime Location: Across the Dumbarton Bridge from Meta and Google, part of the Fremont-Newark-Union City Tri-City area.• Nearby Fun: Lakeshore Park (10 mins), Don Edwards Wildlife Refuge, Coyote Hills, Pacific Commons (15 mins), and Newpark Mall with AMC (10 mins).• Housing: Older homes (47-78 yrs, 3-5 beds) in the north, mid-age homes (21-31 yrs) near the water, and new condos/townhomes (last 8 yrs) in the east—like a 2-bed, 2-bath condo built in 2022 for $999K!🔥 Listing Highlights: Huge kitchen with walk-in pantry, gas stove, scenic balcony, and spacious bedrooms with dual-sink vanity.Ready to buy or sell? Call/Text (408)547-4590 to plan your move! Watch now: Like and follow for more Bay Area real estate!#BayAreaHomes #NewarkCA #BayshoreGateway #FirstTimeBuyer

7 Mar 4min

Living in Fremont CA (East Industrial Neighborhood)

Living in Fremont CA (East Industrial Neighborhood)

Looking for a newer home in Fremont, California? Named the best place in the U.S. to raise a family in 2024, Fremont shines in this video spotlight on the East Industrial neighborhood! Join Spencer Hsu, a Bay Area native and real estate team leader, as he explores the housing mix, local highlights, fun things to do, and tours one of his newest listings. With over 300 families helped in the last 6 years, our team is here to guide you to the best Bay Area options.Here’s what makes East Industrial special:Prime Location: Close to top employers like Tesla (right in Fremont!), Meta, Google, Apple, and more, with great schools nearby.Why East Industrial?: Home to major industrial and logistics hubs, including Tesla’s massive factory.Food & Shopping: Enjoy 99 Ranch Market, Osaka Marketplace, and diverse dining options, plus proximity to large commercial centers and Milpitas.Activities: Relax at Lila Bringhurst Community Park or play badminton at facilities like Bintang.Schools: Northern homes feed into Bringhurst Elementary, Walters Middle, and Kennedy High; southern homes go to Warm Springs Elementary, Horner Middle, and Irvington High.Housing Mix: Southern section (15-20 years old) offers condos to 4-bedroom homes (1,119-2,009 sq ft, with HOA). Northern section (built in the last 5 years) features condos and townhomes with Mello-Roos funding public upgrades.Featured Listing: Tour a modern “stacker” condo with a bedroom and bath downstairs (perfect for guests or renting), a rare side-by-side 2-car garage, and upstairs highlights like abundant natural light, an open-concept layout, a wraparound balcony, a dream kitchen (white cabinets, quartz counters, gas stove), in-unit laundry, large bedrooms with walk-in closets, and a dual-sink bathroom with a grand shower.

6 Mar 4min

Living in Milpitas, California (I spent 2+ decades here)

Living in Milpitas, California (I spent 2+ decades here)

🚨 Just Listed in Milpitas! 🏡✨ 🚨Looking for a beautiful home in Milpitas at $1,199,000? This is the one! 🔥Join us for an Open House this Saturday & Sunday from 2-4 PM to tour this incredible home and see why Milpitas is one of the most desirable places to live in the Bay Area! 🌟🔹 What You’ll Love About This Home:✅ Prime location near top-rated schools & major tech hubs✅ Spacious layout with modern upgrades✅ Close to shopping, dining, and easy freeway accessMilpitas offers amazing real estate, affordable housing, and unbeatable convenience—let’s find your perfect home today!📞 Call/Text: (408) 547-4590📩 Email: spencer@spencerhsu.com💬 DM me for more details or to schedule a private tour! #MilpitasHomes #BayAreaRealEstate #OpenHouse

20 Feb 4min

Cupertino’s BEAUTIFUL New Construction Neighborhood: Arroyo Village by Taylor Morrison

Cupertino’s BEAUTIFUL New Construction Neighborhood: Arroyo Village by Taylor Morrison

🏡 Welcome to Arroyo Village by Taylor Morrison!Discover the perfect blend of modern living, stunning nature, and a vibrant lifestyle in this picturesque community. Take a tour of this idyllic neighborhood and see why Arroyo Village might just be your dream home!🌟 Why Arroyo Village Stands Out:✨ Prime Location: Nestled in a lively city with innovative job opportunities and over 200 days of sunshine each year.🏠 Two Home Styles to Choose From:• Row Townhomes: Oversized 2-car garages, driveways, and private rear yards.• Traditional Townhomes: Charming front patios perfect for relaxing mornings.🌳 Nature & Amenities: Close to beautiful parks and nature escapes for a refreshing outdoor experience.Whether you’re searching for a forever home or a smart investment opportunity, Arroyo Village offers something for everyone. Imagine sipping your morning coffee in your private yard or patio—this could be your new lifestyle!💬 Interested in touring Arroyo Village or learning more? Let’s connect!📞 Contact us at (408) 547-4590

18 Feb 7min

February 2025 Bay Area Home Prices are going to Explode! What’s Next for Buyers and Sellers?

February 2025 Bay Area Home Prices are going to Explode! What’s Next for Buyers and Sellers?

🏡 Are Bay Area home prices about to explode? If you're buying or selling in 2025, this is the must-watch real estate market update!📊 What You’ll Learn in This Video:✅ Bay Area home price trends – Where are prices headed in 2025?✅ Why buyers are returning to Silicon Valley & San Francisco – The impact of return-to-office policies✅ NVIDIA, stock market gains & real estate – How tech wealth is driving demand✅ Live sales data – Homes selling 20%+ over asking & what it means for you✅ Interest rates & inventory updates – What’s next for buyers & sellers?🚀 Thinking about buying? Learn how to stay competitive before prices surge.💰 Considering selling? Discover how to maximize your home’s value in 2025.📞 Book a FREE real estate strategy session today!📩 DM or call/text (408) 547-4590 to discuss your real estate goals.🔔 Subscribe for weekly Bay Area real estate market updates!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

1 Feb 24min

Real Estate Investors Spills the TRUTH About Buying In the Bay Area (Interview)

Real Estate Investors Spills the TRUTH About Buying In the Bay Area (Interview)

🌟 How They Bought Two Multifamily Properties in the Bay Area 🏡Are you considering buying investment properties, but unsure where to start? Hear the inspiring story of Art and his friends, who joined forces to purchase two multifamily properties in the Bay Area. In this video, we’ll explore their journey—from navigating high Bay Area prices to building equity and planning for long-term financial stability.💼 What You'll Learn:✔️ How a group partnership made investing in real estate easier.✔️ The pros and cons of buying multifamily vs. single-family homes.✔️ Key lessons learned, from managing properties to handling major repairs.✔️ The importance of working with a knowledgeable real estate agent to guide your journey.✔️ Strategies to build equity and grow generational wealth through real estate.📍 Highlights of the Video:✔️Why they chose Antioch for their investments.✔️How they navigated challenges like property management and unexpected expenses.✔️The benefits of starting small and scaling up over time.✔️Tips for first-time investors, whether buying solo or as part of a group.Whether you're thinking about investing in real estate, exploring multifamily properties, or just curious about what it's like to buy in the Bay Area, this video is packed with insights, tips, and inspiration.💬 Have questions about buying or investing in Bay Area real estate? Let’s connect!📞 Contact us at (408) 547-4590📩 Email us at spencer@spencerhsu.com✨ Don’t forget to subscribe for weekly videos about Bay Area living, real estate insights, and success stories!#BayAreaRealEstate #InvestmentProperties #BuildingWealth #RealEstateJourney #MultifamilyHomesSpencer 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

22 Jan 23min

How to get the CHEAPEST Mortgage Rates with your Investment Portfolio for Bay Area Real Estate

How to get the CHEAPEST Mortgage Rates with your Investment Portfolio for Bay Area Real Estate

Are you a Bay Area professional looking to make smarter financial moves when buying a home? In this exclusive interview, Spencer Hsu sits down with the experts at SyntheticFi to discuss how you can leverage your stock equity to unlock cheaper liquidity and save big on your next home purchase. 🚀Learn how SyntheticFi’s innovative approach helps you tap into your investment portfolio to secure funding for a home—without needing to sell off your assets. 💼💡 Whether you're a first-time buyer or looking to upgrade, this video is packed with valuable tips to help you maximize your financial potential and achieve your homeownership goals.Don’t miss this must-watch conversation for Bay Area buyers and investors! 💰🏡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) 547-4590📧 Email: 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 #RealEstateTips #StockEquity #HomeBuying #BayAreaHomes #InvestmentStrategies #HomeOwnership #RealEstateAgent #FinancialTips #SyntheticFi #BayAreaLiving #HouseHunting #SmartInvesting #DreamHome #TechAndRealEstate #BayAreaLife

15 Jan 44min

California is on Fire AGAIN | What does this mean for the Bay Area Housing Market and Insurance?

California is on Fire AGAIN | What does this mean for the Bay Area Housing Market and Insurance?

The devastation caused by the Southern California wildfires is heartbreaking. As a real estate professional, I felt compelled to share insights on how these wildfires impact not just homeowners but also renters, insurance dynamics, and the future of the affected areas.In this video, I explore:The aftermath for luxury areas like Pacific Palisades and others.The challenges of rebuilding, including insurance payouts and contractor shortages.Lessons from past wildfires like Santa Rosa and how they parallel this event.The broader implications for Bay Area residents and homeowners in fire-prone regions.We also discuss practical advice for homeowners, renters, and prospective buyers to prepare for events like this and navigate insurance complexities.👉 Respect and gratitude to all first responders working tirelessly to contain the fires. If you’re a first responder, please reach out – I’d love to support you in any way I can.This disaster is a stark reminder of how critical planning and preparation are in high-risk areas. Let’s have an open conversation—leave your thoughts or experiences in the comments.📞 If you have questions about real estate or need advice in these challenging times, my contact details are below. Together, we can find a way forward.Stay safe.Sorry, the video got all messed up when recording so had to do edits.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

10 Jan 21min

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