ADVERTISING DISCLOSURE: BeforeMortgageUSA.com is an informational directory, not an mortgage company or broker. We do not sell insurance or provide mortgage or financial advice. No broker-client relationship is created by using this site. No broker listed on this site has paid for, authorized, or approved their listing. This is an advertisement.
Compare Reverse Mortgage Specialists in Bay City, MI
Browse reverse mortgage specialists serving Bay City, Michigan. Contact information and addresses listed below.
12 agents listed
Updated May 2026
Bay City, MI
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Michigan before hiring.
Showing 12 reverse mortgage specialists in Bay City, MI
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Total Home Lending - Bay City
1901 S Euclid Ave Suite 6, Bay City, MI 48706
9896712701
Sheila Schmidt - Total Home Lending
1901 S Euclid Ave, Bay City, MI 48706
9897808401
Heppner Team - Total Home Lending
1901 S Euclid Ave #6, Bay City, MI 48706
9899286229
Top Flite Financial Inc
4773 2 Mile Rd, Bay City, MI 48706
9894503901
Trevor Hahn-Guild Mortgage
401 Center Ave Suite 2, Bay City, MI 48708
9892841269
Pierpoint Mortgage Bay City, MI
4300 Wheeler Rd, Bay City, MI 48706
9896565098
Maier & Associates Financial Group, Inc.
5982 Westside Saginaw Rd, Bay City, MI 48706
9896848500
Guild Mortgage - Justin Holyszko
201 6th St Unit 207, Bay City, MI 48708
9892450373
Hantz Financial Services, Inc. - Bay City, Michigan
115 First St, Bay City, MI 48708
9896849813
Highroad Wealth Management of Raymond James
122 Uptown Dr Ste 401, Bay City, MI 48708
9893913790
PNC Mortgage
1111 N Euclid Ave, Bay City, MI 48706
9898949356
Independent Mortgage Co
800 Washington Ave, Bay City, MI 48708
9896716000
Reverse mortgage specialists in Bay City, Michigan help older homeowners convert home equity into tax-free funds. Michigan law requires borrowers to receive counseling from a HUD-approved agency before obtaining a reverse mortgage. Specialists guide clients through the process, including understanding loan terms and local property tax implications.
What Does a Reverse Mortgage Specialist in Bay City Cost?
Typical costs for a reverse mortgage in Michigan include an origination fee (up to 2% of the home value, capped at $6,000), a mortgage insurance premium (2% of the appraised value upfront plus 0.5% annually), appraisal fees ($400 to $800), and closing costs ($1,000 to $3,000). Counseling fees are usually around $125 but may be waived. These costs are often financed into the loan. This is general information, not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What are the eligibility requirements for a reverse mortgage in Bay City Michigan?
Borrowers must be at least 62 years old and own their home outright or have a low mortgage balance. The home must be the primary residence and meet HUD property standards. Michigan law also mandates a counseling session with a HUD-approved counselor before you can apply.
How does a reverse mortgage affect my heirs in Michigan?
Heirs can repay the loan by selling the home or using other funds. If the loan balance exceeds the home value, heirs are not required to pay more than the home is worth. Michigan law allows heirs up to 30 days after the borrower dies to decide how to handle the loan.
Free • No Obligation
Compare Reverse Mortgage Specialists
Get matched with agents in Bay City who handle your type of case.
Affiliate Form Embed
Replace with iframe/embed code from your affiliate network
Affiliate Disclosure
The form above is provided by a third-party legal marketing service. BeforeMortgageUSA.com receives compensation when you submit a qualified inquiry. This is a free service with no obligation to hire any broker. Your information is collected and handled by the form provider according to their privacy policy.
Legal Notice
BeforeMortgageUSA.com is not a mortgage referral service, or financial advice provider. No broker-client relationship is formed by submitting a form or using this site. We do not endorse, recommend, or vouch for the qualifications of any broker. Past results do not guarantee future outcomes. Each case is different. Verify broker credentials with your state mortgage licensing authority before hiring.
About Our Listings
Brokers listed on BeforeMortgageUSA.com are compiled from publicly available directories, state mortgage licensing authority records, and business listings. Inclusion does not constitute endorsement. We do not verify broker licensing, disciplinary status, or qualifications. Verify each broker's current standing with the Michigan.