Appraisal gap

Hi! Can someone please help me understand how an appraisal gap works?

If I was buying a house for 500k, and was putting down 100k, could I use that as an appraisal gap, or would I need to put down more money to avoid PMI?

Thanks!

submitted by /u/pickle443243
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Hi! Can someone please help me understand how an appraisal gap works? If I was buying a house for 500k, and was putting down 100k, could I use that as an appraisal gap, or would I need to put down more money to avoid PMI? Thanks! submitted by /u/pickle443243 [link] [comments]

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