What if my appraisal comes in low on a refinance

My property appraised too low

Whether you’re buying, selling, or refinancing, a home appraisal that comes in too low could put the entire transaction in jeopardy.

So what happens next? Ordering a second appraisal?

Changing the sale price? Applying with a different lender?

Appraisal is 30k lower than offer

Appraisal is 30k lower than offer

What happens if an appraisal comes in high

Appraisal came in low reddit

Is a low appraisal good for buyer

How do you negotiate with seller after low appraisal

Something else?

Shop for an alternate lender here

Let’s take a closer look at your best options after a low appraisal.

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What a low appraisal means for you

An appraisal that comes in lower than the purchase price for your new home could derail your entire home buying process.

Mortgage lenders use the appraised value of the home to calculate your loan-to-value ratio (LTV), which is a big component in the underwriting process.

LTV measures how much of a home’s value the lender will finance.

Your LTV must stay within a loan’s specific limits.

On an FHA loan, for example, your LTV can’t exceed 96.5% of the home’s appraised value. That means your maximum loan size for a $200,000 home would be $193,000.

(The remaining $7,000 comes

appraisals coming in low

what happens when fha appraisal comes in low