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VA loans in Bay City, MI

Quick answer

Eligible veterans and service members in Bay City, MI can buy with 0% down and no monthly mortgage insurance; with full entitlement there's no VA loan limit, and Bay County's $832,750 limit applies only to partial entitlement. On the $89,900 median home, the estimated payment is $811/month at 7.18% including the 2.15% first-use funding fee.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $47,904; value-to-income ratio 1.88. Bay City ranks 97 by home value and 34 by population among 102 places in our MI dataset.

What does a VA loan cost on a typical Bay City home?

ItemBay City
Median home value (Census ACS)$89,900
Michigan median home value$217,600
Down payment (0%)$0
Loan incl. 2.15% funding fee$91,833
Estimated monthly payment (PITI + MI)$811
Income needed (28% / 36%)$35,000 / $28,000
Bay County 2026 county limit for partial VA entitlement$832,750

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Michigan's 1.28% effective property tax rate (Census ACS), $1,110/yr homeowners insurance (NAIC state average); VA loans have no monthly mortgage insurance.

What is the 2026 VA loan limit in Bay City?

VA loans have no loan limit for borrowers with full entitlement. If part of your entitlement is tied up in another VA loan, VA uses Bay County's 2026 conforming limit of $832,750 to calculate your zero-down maximum. The county's FHA limit is $541,287 for comparison.

The Bay City median home value of $89,900 is 59% below the Michigan median, and within what the county limit supports.

Which down payment assistance programs can Bay City buyers use?

VA loans in nearby cities

SaginawMidlandFlintBurtonOwossoMount Pleasant

VA loan FAQs for Bay City

Not for borrowers with full entitlement. If you have an active VA loan or unrestored entitlement, Bay County's 2026 limit of $832,750 is used to calculate how much you can borrow with no down payment.

With 0% down on $89,900, a 2.15% first-use funding fee financed brings the loan to about $91,833; the estimated payment including Michigan taxes and insurance is $811/month. Veterans with a service-connected disability rating are generally exempt from the fee.

At the $89,900 median value (below the Michigan median of $217,600), the estimated payment of $811/month at 7.18% needs about $35,000 a year under the 28% housing guideline, or $28,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 1 statewide programs are verified for this city (1 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.