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

Avsnitt(362)

Silicon Valley Market Update June 12, 2020

Silicon Valley Market Update June 12, 2020

Every week, I go over news that can affect Bay Area Real Estate. Tune in weekly!US Mortgage Rate Rises to 3.21%https://www.housingwire.com/articles/...Only 1 in 10 borrows in forbearance has less than 10% equity in their propertyhttps://www.housingwire.com/articles/...Want a discount? There is still time to find houses that are “pandemic priced”https://www.housingwire.com/articles/...Zillow Offers continue to resume in 6 more markets. Traffic surges up 51% from a year agohttps://www.housingwire.com/articles/...Homebuyers will face historically low inventory this summerhttps://www.housingwire.com/articles/...Market Data Google Sheethttps://docs.google.com/spreadsheets/...--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, RealtorSpencer@SpencerHsu.com408-547-4590EXP Realty DRE #02077253https://www.homesbyspencerhsu.com/#BayAreaRealEstate

12 Juni 202018min

Weekly Real Estate Market Update: Sedona and Cleveland

Weekly Real Estate Market Update: Sedona and Cleveland

Every Wednesday at 12PM PST, I interview and introduce 1-2 top producers all across the country to hear about how they got into the business, what they are seeing with real estate impacts with COVID, and how they are shifting their business. Tune in LIVE at https://www.homesbyspencerhsu.com/video/ if you want to ask any questions!This week I am delighted to have two amazing ladies who represent Cleveland Ohio and Sedona Arizona.Kris Anderson - Sedona, ArizonaDanielle Dooley - Cleveland, Ohio--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, RealtorSpencer@SpencerHsu.com408-547-4590EXP Realty DRE #02077253https://www.homesbyspencerhsu.com/#BayAreaRealEstate

10 Juni 202042min

Are Tech jobs leaving the Bay Area? Impact of Work from Home for Real Estate

Are Tech jobs leaving the Bay Area? Impact of Work from Home for Real Estate

Every Tuesday, I go into detail a question I frequently get asked. This week I cover what impact new work from home policies will do for Bay Area Real Estate.Things have already played out and we are seeing trends of outflow from San Francisco. While people are leaving San Francisco to other states, they are also moving to the suburbs of the Bay Area. This is why we see very strong demand in other locations. I suspect SF will rebound over time as things start to open up again but for now, there is downward pressure in SF.--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, RealtorSpencer@SpencerHsu.com408-547-4590EXP Realty DRE #02077253https://www.homesbyspencerhsu.com/#BayAreaRealEstate

9 Juni 202010min

Bay Area Market Update June 5, 2020 - Spencer Hsu, Realtor

Bay Area Market Update June 5, 2020 - Spencer Hsu, Realtor

Every week, I go over news that can affect Bay Area Real Estate. Tune in weekly!Surprise Job Surgehttps://www.cnbc.com/2020/06/05/jobs-report-may-2020.htmlStock market, S&P Index just had it’s best 50 days everhttps://www.cnn.com/2020/06/04/investing/premarket-stocks-trading/index.html3 mortgage lenders pump up hiring, hiring thousands of peoplehttps://www.housingwire.com/articles/three-mortgage-leaders-pump-up-the-hiring-volume/#Mortgage applications are a big indicator of future demand. Spike 18% over last year.https://www.housingwire.com/articles/summer-home-buying-set-to-take-off/#65% are ready to go look for houses without hesitation and more value to an agenthttps://www.housingwire.com/articles/homebuyers-and-sellers-are-ready-to-return-to-open-houses/Expect prices to rise this summerhttps://www.housingwire.com/articles/realtor-com-expect-listing-prices-to-rise-this-summer/Opendoor resumes operationshttps://www.housingwire.com/articles/opendoor-resumes-operations-in-five-markets/SF Rent prices decline 9% year over year which is the largest decline ever.https://www.zumper.com/blog/zumper-national-rent-report-june-2020/Market Data Analysishttps://docs.google.com/spreadsheets/d/1P5T3T4doU9vutLotcKnZ0WCZahU0nvKn1khR-QQsrTI/edit?usp=sharing--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, RealtorSpencer@SpencerHsu.com408-547-4590EXP Realty DRE #02077253https://www.homesbyspencerhsu.com/#BayAreaRealEstate

5 Juni 202030min

Weekly Real Estate Lunch and Learn with Darcy McLeod Vancouver Canada

Weekly Real Estate Lunch and Learn with Darcy McLeod Vancouver Canada

Every Wednesday at 12PM PST, I will interview and introduce 1-2 top producers all across the country to hear about how they got into the business, what they are seeing with real estate impacts with COVID, and how they are shifting their business. Tune in via Facebook Live either on my personal FB page or Youtube Live athttps://www.homesbyspencerhsu.com/video/This week I am delighted to have top Realtor Darcy McLeod from Vancouver!Topics discussed: Darcy's annual productionHow is the real estate market in Vancouver during the Shelter in Place?What's going on with the Downtown corridor?What is the status of Foreign Money/Investors?Area that is he most bullish in the future?Darcy Mcleod778-788-NESTEXP Realtyhttps://darcymcleod.ca/contact.html--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, RealtorSpencer@SpencerHsu.com408-547-4590EXP Realty DRE #02077253https://www.homesbyspencerhsu.com/#BayAreaRealEstate

3 Juni 202044min

What is the value of a Realtor? Silicon Valley Real Estate Agent Spencer Hsu

What is the value of a Realtor? Silicon Valley Real Estate Agent Spencer Hsu

This week I cover: What is the value of a Realtor in today's environment?The real estate industry continues to get attacked by all fronts from technology and disgruntled consumers. Make no mistake, it’s incredibly easy to get a real estate license as anyone that spends 2 months can become a Realtor. While the bar to get in is very low, the bar to do well is extremely hard. So what is the value of a Realtor today?Think about the journey today. Consumer websites like Zillow, Trulia and Redfin have some of the best interfaces available. The search and acces to see properties is easier than ever. So how do I add value today? The value is knowing entire the process of homeownership, determining the fair market value of a home, knowing the drivers of a certain city/area, understanding the competition, negotiations, being aware of replacement costs and things to look at, a team of trusted professionals ranging from contractors, lenders, and also the relationship of other Realtors. My goal in every transaction is giving my clients the most information possible to make the best decision.Last but not least, it’s the powerful network that my clients can benefit from. Annual VIP parties creates an amazing atmosphere for people to get to know each other while having a great time!--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, RealtorSpencer@SpencerHsu.com408-547-4590EXP Realty DRE #02077253https://www.homesbyspencerhsu.com/#BayAreaRealEstate

2 Juni 202010min

Silicon Valley Real Estate Market Update May 29, 2020 - Spencer Hsu Realtor

Silicon Valley Real Estate Market Update May 29, 2020 - Spencer Hsu Realtor

Every week, I go over news that can affect Bay Area Real Estate. Tune in weekly!Bay Area Counties reopeningMortgage rates hit all time lowPurchase applications were 6.7% higher than a year ago50% more pending sales than in AprilSummer is the new home-buying seasonSan Mateo and Santa Clara Data Market ReportA look into SF prices and thoughts--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, RealtorSpencer@SpencerHsu.com408-547-4590EXP Realty DRE #02077253https://www.homesbyspencerhsu.com/#BayAreaRealEstate

29 Maj 202017min

Weekly Real Estate Lunch and Learn: Orange County and Austin Markets

Weekly Real Estate Lunch and Learn: Orange County and Austin Markets

Every Wednesday at 12PM PST, I will interview and introduce 1-2 top producers all across the country to hear about how they got into the business, what they are seeing with real estate impacts with COVID, and how they are shifting their business. Tune in LIVE! https://www.homesbyspencerhsu.com/video/This week I am delighted to have two rockstars who represent Orange County and Austin, Texas.Daniel and Christine MorganOrange CountyDouglas Elliman(949) 910-1042Christine Chau, BrokerAustin(512) 293-2700--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, RealtorSpencer@SpencerHsu.com408-547-4590EXP Realty DRE #02077253https://www.homesbyspencerhsu.com/#BayAreaRealEstate

27 Maj 202048min

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