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Trying to understand what happens if the house I just offered on appraises too low.

So I have an accepted offer on a house at $345k. I'm doing 20% down $69k, but we're sure it'll appraise lower than that. My understanding is anything lower than that will just give me an over 80% LTV and bring on PMI, but what happens if it appraises at 95% or 100% or worse LTV? Can I still get the place? I'm bound to my offer, so I just bring cash to the closing?

submitted by /u/mixx2001
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/tiifoz/trying_to_understand_what_happens_if_the_house_i/
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