How do they appraise an unfinished house?

[The Warrior Monk]

I'm just worried that since the home is not finished, it will not appraise for the amount I need it to to get the loan! Thanks again!

That's a separate issue...the value "is what it is."

One of the problems I have seen over the years is homeowner's trying to obtain loans for a remodel after the home has been gutted. The market value of these properties is not simply market value "as completed" minus the cost to finish. Any buyer of such a property will pay less (a discount), and often much less, because the cost of financing in higher, and they will have to finish the home upon purchase.

 

[The Warrior Monk]

...it can be done with requirements of "...subject to..."....good luck...........rs

The poster noted that it isn't conventional financing, which leads me to believe that it is an FRT. If so, at a minimum, the lender will need an "as is" value. An "as completed" value can also be done, if they wish to have it.