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

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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)

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Living in Fremont CA (East Industrial Neighborhood)

Living in Fremont CA (East Industrial Neighborhood)

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6 Mar 4min

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

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🚨 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

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18 Feb 7min

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

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🏡 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)

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22 Jan 23min

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

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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

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