What can fail a conventional appraisal?
Major structural defects (foundation, framing, water intrusion), safety hazards that the lender flags, properties with visible damage that affects collateral value, or values that come in materially below contract price. Conventional doesn't fail appraisals over cosmetic issues the way FHA might.
Plain-English explanation
Conventional appraisals are oriented toward value and acceptable collateral, not property-condition compliance. Items that can stop a conventional appraisal: visible structural damage, active leaks, foundation issues, fire damage, properties not legally permitted, properties with environmental hazards. Lenders may request repairs on safety issues even when not strictly required by the appraiser. Subject to lender overlays.
What can change the answer?
Property condition, comparable sales availability, appraisal waiver eligibility, and Reconsideration of Value can change the appraised value.
Want the real answer for your conventional file?
Conventional guidelines are the rule. Your credit, income, DTI, PMI, LLPAs, and Florida payment math are what decide the actual answer.
More conventional questions on Appraisal
Educational only. Conventional loan guidelines, lender overlays, rates, fees, PMI, LLPAs, and underwriting requirements can change. Final eligibility depends on full underwriting review.