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/

🎙️ 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

--

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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Burned Bay Area home lists for $850k?! Bay Area Real Estate Market Update August 13, 2021

Burned Bay Area home lists for $850k?! Bay Area Real Estate Market Update August 13, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtorOr, call us today at (408)223-5493. You can also visit us at https://www.homesbyspencerhsu.com/Bay Area fire burned homehttps://www.sfgate.com/realestate/article/bay-area-fire-burned-home-sells-real-estate-16380494.phpFacebook housing effort helmed former Fremont Vice Mayorhttps://patch.com/california/fremont/1b-facebook-housing-effort-helmed-former-fremont-vice-mayor100+ unit development in Oaklandhttps://www.mercurynews.com/2021/08/11/housing-home-oakland-jack-london-square-develop-real-estate-swenson/Downtown Mountain View Commercial boughthttps://www.eastbaytimes.com/2021/08/09/choice-downtown-mountain-view-building-buy-big-real-estate-developer/Soaring home prices spook buyershttps://www.housingwire.com/articles/soaring-home-prices-spooking-buyers/Client Success Storyhttps://www.redfin.com/CA/San-Jose/1550-Technology-Dr-95110/unit-1105/home/2123245Latest Market Data for all counties in the Bay Areahttps://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharing🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtorOr, call us today at (408)223-5493. You can also visit us at https://www.homesbyspencerhsu.com/🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/ 🎙️Listen to my podcast: https://bit.ly/3bJx88 📸Follow me on Instagram: https://www.instagram.com/bayareatech...🧑‍💼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--My Background:Born and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. 50 families have been helped in the last 15 months which positions me as a Top 1% Realtor. Looking forward to helping you! Spencer Hsu, MBA Tech Realtor Spencer@SpencerHsu.com (408)223-5493 EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

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Analyze this! Bay Area Real Estate Market Update August 6, 2021!

Analyze this! Bay Area Real Estate Market Update August 6, 2021!

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtorOr, call us today at (408)223-5493. You can also visit us at https://www.homesbyspencerhsu.com/

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Best California Financial Practices & Advice from a Wealth Advisor, Vishal Kumar

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🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtorOr, call us today at (408)223-5493. You can also visit us at https://www.homesbyspencerhsu.com/What are the benefits of owning real estate in a trust in the state of California? How about what other means of funding to use when remodeling or constructing large projects on your home? Looking into investment properties? Vishal Kumar, a well-respected California Wealth advisor helps answer these questions and explores solutions for all homeowners. You can reach him at vishal@twinpwa.com and (408) 859-5872🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtorOr, call us today at (408)223-5493. You can also visit us at https://www.homesbyspencerhsu.com/🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/🎙️Listen to my podcast: https://bit.ly/3bJx88📸Follow me on Instagram: https://www.instagram.com/bayareatech...🧑‍💼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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMW--My Background:Born and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. 50 families have been helped in the last 15 months which positions me as a Top 1% Realtor. Looking forward to helping you! Spencer Hsu, MBA Tech Realtor Spencer@SpencerHsu.com (408)223-5493 EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

3 Aug 202138min

Google, Facebook Postpones Return to Work util October | Bay Area Real Estate Market Report July 30, 2021

Google, Facebook Postpones Return to Work util October | Bay Area Real Estate Market Report July 30, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtorOr, call us today at (408)223-5493. You can also visit us at https://www.homesbyspencerhsu.com/CNBC Google postpones return to work until October, will require vaccinations It's the second delay to (0:50)https://www.cnbc.com/2021/07/28/google-postpones-return-to-work-until-october-will-require-vaccinations.htmlHave Bay Area homes become more affordable? (3:09)https://www.mercurynews.com/2021/07/24/have-bay-area-homes-become-more-affordable/Bay Area cities are the only major metros where rents are still heavily discounted (6:45)https://www.sfgate.com/realestate/article/Bay-Area-cities-sf-oakland-rents-down-still-16343916.phpGoogle Plans To Expand Its Campus — Which Might Become Unsafe As Sea Levels Rise (7:27)https://www.npr.org/transcripts/1021373017A Wild 15 Months’: Pandemic Spurs Conversion of Offices to Labs (9:23)https://www.nytimes.com/2021/07/27/business/office-space-conversion-labs.htmlCA: Housing: Future San Jose BART station sparks plans for new homes (11:14)https://www.masstransitmag.com/management/news/21232079/ca-housing-future-san-jose-bart-station-sparks-plans-for-new-homesAREAA A List (13:29)https://www.dropbox.com/s/tsdtot7ibmy1uqi/2021%20A-List%20Winners_Producers&Originators.pdf?dl=0&inf_contact_key=faab10e5dd2b0faf8578e2a04ba677301b0a3f0fd3ee5d9b43fb34c6613498d7Client Success Story (16:29)https://www.redfin.com/CA/San-Jose/1030-Liebelt-Ct-95126/home/596306https://www.redfin.com/CA/San-Francisco/999-Green-St-94133/unit-1104/home/541826www.986nettle.comLatest Market Data for all counties in the Bay Areahttps://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharingSan Mateo County 22:30Santa Clara County 23:18Alameda County 23:57San Francisco County 24:29Contra Costa County 26:39--🗓 Want to schedule a time for a free consultation? Find a time that works for you! https:/www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/🎙️Listen to my podcast: https://bit.ly/3bJx88📸Follow me on Instagram: https://www.instagram.com/bayareatech...🧑‍💼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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWMy Background:Born and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. 50 families have been helped in the last 15 months which positions me as a Top 1% Realtor.Looking forward to helping you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493 EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

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Tech Workers Who Swore Off Bay Area Coming Back | Bay Area Real Estate Market Report July 23, 2021

Tech Workers Who Swore Off Bay Area Coming Back | Bay Area Real Estate Market Report July 23, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtorOr, call us today at (408)223-5493. You can also visit us at https://www.homesbyspencerhsu.com/Intro(0:00)Tech Workers Who Swore Off the Bay Area Are Coming Back (0:54)https://www.nytimes.com/2021/07/15/technology/tech-workers-bay-area-back.htmlThe national real estate market is cooling off (unlike SF) (3:12)https://www.sfgate.com/realestate/article/housing-market-cooling-bay-area-sf-16327613.phpLarge Sunnyvale real estate purchase brings new optimism for office (6:16) https://hoodline.com/2021/07/silicon-valley-real-estate-purchase-brings-new-optimism-for-office-space/The housing market is losing steam (10:39) https://www.housingwire.com/articles/the-housing-market-is-losing-steam/Variant scare causes mortgage rates to fall to 2.78% (12:32)https://www.housingwire.com/articles/mortgage-rates-down-to-2-78/Client Success Story (13:56)Latest Market Data for all counties in the Bay Areahttps://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharingSan Mateo County 18:16Santa Clara County 19:00Alameda County 20:34San Francisco County 21:18Contra Costa County 22:14🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtorOr, call us today at (408)223-5493. You can also visit us at https://www.homesbyspencerhsu.com/🗓 Want to schedule a time for a free consultation? Find a time that works for you! https:/www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/🎙️Listen to my podcast: https://bit.ly/3bJx88📸Follow me on Instagram: https://www.instagram.com/bayareatech...🧑‍💼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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMW--My Background:Born and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. 50 families have been helped in the last 15 months which positions me as a Top 1% Realtor. Looking forward to helping you! Spencer Hsu, MBA Tech Realtor Spencer@SpencerHsu.com (408)223-5493 EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

23 Juli 202128min

Facebook Is Getting Into the Real Estate Business | Bay Area Real Estate Market Report July 16, 2021

Facebook Is Getting Into the Real Estate Business | Bay Area Real Estate Market Report July 16, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.Topics covered for the week:Intro(0:00)Facebook Is Getting Into the Real Estate BusinessAmazon, Apple Donate Millions of Dollars for Affordable HousingOlder tech workers may be leaving San Francisco, but the young and hungry — including those with startup dreams — are moving inPopular Bay Area restaurateurs are flocking to an unexpected city: Walnut CreekLatest Market Data for all counties in the Bay Areahttps://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharing 🗓 Want to schedule a time for a free consultation? Find a time that works for you! https:/www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/🎙️Listen to my podcast: https://bit.ly/3bJx88📸Follow me on Instagram: https://www.instagram.com/bayareatech...🧑‍💼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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWBorn and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. 50 families have been helped in the last 15 months which positions me as a Top 1% Realtor. Looking forward to help you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

16 Juli 202120min

Linkedin Cements Long-Term South Bay Presence | Bay Area Real Estate Market Report July 9, 2021

Linkedin Cements Long-Term South Bay Presence | Bay Area Real Estate Market Report July 9, 2021

Every week at 12 PM PST, I analyze the news and data that can affect the Bay Area Real Estate Market. Tune in weekly and email me anytime if I can help! spencer@spencerhsu.com.Topics covered for the week:LinkedIn wheels and deals to cement long-term South Bay presence Longtime Bay Area brewery Gordon Biersch plans to stay in San Jose forever SF penthouse sells for highest condo price since pre-pandemic times SF office vacancy rises to 20%, highest level since 2003, despite more leasing activity County agency preps downtown San Jose affordable homes project June jobs report is great news for the housing market Latest Market Data for all counties in the Bay Areahttps://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharing San Mateo County 10:29Santa Clara County 12:12Alameda County 13:10San Francisco County 14:18Contra Costa County 15:27🗓 Want to schedule a time for a free consultation? Find a time that works for you! https:/www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/🎙️Listen to my podcast: https://bit.ly/3bJx88📸Follow me on Instagram: https://www.instagram.com/bayareatech...🧑‍💼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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWBorn and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. 50 families have been helped in the last 15 months which positions me as a Top 1% Realtor. Looking forward to help you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

9 Juli 202116min

Q2  | Bay Area Real Estate Quarterly Market Data Review July 2021

Q2 | Bay Area Real Estate Quarterly Market Data Review July 2021

Every quarter, I analyze the data that can affect the Bay Area Real Estate Market. Tune in every quarter and email me anytime if I can help! spencer@spencerhsu.com.🗓 Want to schedule a time for a free consultation? Find a time that works for you! https://www.calendly.com/techrealtor🌍Find your dream Bay Area home https://www.homesbyspencerhsu.com/🎙️Listen to my podcast: https://bit.ly/3bJx88📸Follow me on Instagram: https://www.instagram.com/bayareatech...🧑‍💼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/2Fvk41fbD6kiRtHt5🏠💲Track the value of your home and see if it's beneficial to refinance! http://bit.ly/3aFdyMWBorn and raised in the Bay Area, I spent 11 years in Startup Technology Sales before becoming a full-time Realtor. Having personally invested and done renovations in the Bay Area, I wanted to help busy colleagues in the Bay Area technology industry find their dream home by leveraging tech, data and insights. I specialize in educating my clients on the process of buying, selling, and investing in the Bay Area. 50 families have been helped in the last 15 months which positions me as a Top 1% Realtor. Looking forward to helping you!Spencer Hsu, MBA Tech RealtorSpencer@SpencerHsu.com(408)223-5493EXP Realty DRE #02077253#BayAreaRealEstate #TechRealtor

6 Juli 202120min

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