Bay Area Real Estate News, Insights, Market Data, and Strategies | Spencer Hsu Real Estate28 Jul 2020

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.

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

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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

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Episoder(362)

Berkeley CA BEST Pros and Cons 2024 | Moving to Berkeley | Bay Area Real Estate

Today, I'm taking you on a journey through the ins and outs of living in Berkeley, CA in 2024. If you're thinking about moving to Berkeley 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 Berkeley 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 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/→ Facebook: https://www.facebook.com/spencerhsure→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #MovingtoCalifornia

6 Jan 202410min

Santa Clara CA BEST Pros and Cons 2024 | Moving to Santa Clara California | Bay Area Real Estate

Discover the pros and cons of living in Santa Clara, California! In this video, Spencer takes you on a journey through the beautiful city of Santa Clara, exploring its unique features, attractions, and lifestyle. From the vibrant tech scene to the stunning outdoor spaces, we'll dive into what makes Santa Clara a great place to live and work. But, we won't shy away from discussing the challenges and drawbacks of living in this Silicon Valley city. So, if you're considering moving to Santa Clara or just curious about life in the Bay Area, this video is for you! Don't forget to like, comment, and subscribe for more insights on living in the Bay Area!-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/→ Facebook: https://www.facebook.com/spencerhsure→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivinginSantaClara #MovingtoCalifornia

6 Jan 20245min

South Santa Clara CA BEST Pros and Cons 2024 | Moving to Santa Clara | Bay Area Real Estate

Welcome to another episode on Living in the Bay Area! In this video, we're exploring the BEST Pros and Cons of South Santa Clara, CA in 2024. If you're considering moving to Santa Clara or investing in Bay Area real estate, this video is a must-watch! 🌉-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: Spencer HsuCall / Text: (408) 547- 4590Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ Facebook: https://www.facebook.com/spencerhsure→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivinginSantaClara #MovingtoCalifornia

6 Jan 202415min

Where to live in the SF Bay Area? [TIPS FROM A BAY AREA NATIVE]

🏠 Discover the best places to live in the SF Bay Area with Spencer Hsu, your Bay Area native and real estate expert!In this video, we'll explore San Francisco, Marin County, San Mateo County, Santa Clara County, Alameda County (East Bay), and Contra Costa County. Learn why Bay Area home prices are the way they are, and get insider tips on commuting in the Bay Area. 🚗 We'll also help you find the perfect city to call home based on your unique criteria. Don't miss out on these valuable insights! 00:00 Introduction00:17 Bay Area Overview01:55 San Francisco07:00 Marin County08:32 San Mateo County11:00 Santa Clara County13:06 East Bay (Alameda County)14:27 Contra Costa County17:15 Bay Area Home Prices18:37 Bay Area Commutes-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/→ Facebook: https://www.facebook.com/spencerhsure→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #MovingtoCalifornia

6 Jan 202423min

Los Altos CA BEST Pros and Cons 2024| Moving to Los Altos | Bay Area Real Estate

Welcome to another episode on Living in the Bay Area - Spencer Hsu, MBA, Realtor! In today's video, we're exploring the BEST Pros and Cons of living in Los Altos, CA in 2024. If you're considering moving to Los Altos or just curious about the Bay Area real estate, this video is for you! -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- 4590Email: spencer@spencerhsu.com www.homesbyspencerhsu.com💥 Follow me on Social Media 💥 → Instagram: https://www.instagram.com/spencerhsure/→ Facebook: https://www.facebook.com/spencerhsure→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #MovingtoCalifornia

6 Jan 202412min

California Insurance Crisis: Options for Homeowners in 2024

Thinking of a Bay Area hillside home? Beware of the California Insurance Crisis! Insurance giants like State Farm and Allstate are leaving California, impacting your options. High risks, rising costs, and an old law are forcing insurers out. Limited choices and pricier coverage, especially for fire-prone spots like Berkeley and Oakland Hills. Act fast: scout insurance and lean on me for guidance. Comment your thoughts on California's insurance challenge.-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/→ Facebook: https://www.facebook.com/spencerhsure→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #MovingtoCalifornia

6 Jan 20242min

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! 💎✨-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/→ Facebook: https://www.facebook.com/spencerhsure→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #MovingtoCalifornia

6 Jan 202422min

Where to live in Santa Clara County 2024? | Moving to the Bay Area | [TIPS FROM A BAY AREA NATIVE]

Are you looking to live in the Santa Clara County region in 2024? In this video, I'll share with you my tips on where to live in the Santa Clara County region, based on your lifestyle and commute.Take a look at my list of the top places to live in Santa Clara County, based on factors like commute, cost of living, and more. I'll also share with you my thoughts on the areas on my list, so you can get a better idea of which place would be best for you. After watching this video, you'll have everything you need to make an informed decision about where to live in the Santa Clara County region in 2024!-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/→ Facebook: https://www.facebook.com/spencerhsure→ LinkedIn: https://www.linkedin.com/in/spencerhsu/_________________________________#BayAreaRealEstate #LivingintheBayArea #MovingtoCalifornia

5 Jan 202416min

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