VA Loan Question (lender, cash, buy, appraisal)

[olds1]

If a veteran is using 0 down to buy a home and the home doesn't appraise for the loan amount, can they come in with cash to cover the difference?
TIA

[adjusterjack]

I'm guessing yes but you should be asking your lender that question.

[KJMoves]

I would verify with your lender also, but info at this link seems to suggest that you can: https://militarybenefits.info/va-appraisal-low/

[olds1]

Thanks you both and thanks for the great link.

[LoanChic]

Originally Posted by olds1

If a veteran is using 0 down to buy a home and the home doesn't appraise for the loan amount, can they come in with cash to cover the difference?
TIA

Yes, although your lender will probably require you to sign a form acknowledging you are paying more for them home than it’s current value.