You generally have two levers: dispute the appraisal with better comps, or renegotiate the price with the seller. An accepted offer is really the first of several possible negotiations, since inspection, repairs, and appraisal can each reopen the deal. On a low appraisal: - Dispute it. Your lender presents supporting comps back to the appraiser and asks for reconsideration. That rebuttal process is typically easier on a VA loan than on conventional or FHA. - Renegotiate. The seller has no obligation to lower the price, but sellers often do, depending on leverage and how far off the number came in. A couple of real examples show the range. On one FHA purchase, the appraiser would not move on a permitted but unfinished addition, which forced a switch to a conventional loan. An FHA case number is tied to that specific property, and once the appraisal is logged it stays with the case for a year from its effective date, so starting fresh with FHA on the same house was off the table. On a cash-out FHA refinance, an appraiser applied a large, unsupported value adjustment based on a single photo, and we got it reversed by proving the comparable home had similar upgrades. Low appraisals are common and often workable, so do not panic. Work the rebuttal or the renegotiation.