What happens if my VA appraisal comes in low?
Three options: 1) renegotiate the contract price down to the appraised value; 2) bring cash to cover the gap above the appraised value; 3) request a Reconsideration of Value (ROV) with new supporting comps. Walking is also an option under most VA contracts.
Plain-English explanation
VA's amendatory clause protects the veteran from being forced to close above the VA-appraised value. The buyer can lock in at the lower number and walk away from earnest money risk if the seller refuses. Bringing cash to bridge a low appraisal is allowed but uncommon on a zero-down VA file — most veterans renegotiate or pursue ROV. ROV requires meaningfully better comps than the appraiser used; just disagreeing isn't enough. Subject to VA guidelines.
What can change the answer?
Property condition against MPRs, repair requirements, Tidewater process, and Reconsideration of Value can change the appraised value and timeline.
Want the real answer for your VA file?
VA guidelines are the rule. Your COE, entitlement, residual income, property, and Florida costs are what decide the actual answer.
More VA questions on Appraisal
Educational only. VA guidelines, lender overlays, rates, fees, and underwriting requirements can change. Final eligibility depends on full underwriting review.