Can I get a mortgage ifm there are no comps for a unquite home in a rural area?

Sure you can! Please give me a call and I'll help you, I'm right by Batesburg-Leesville area. Travis Torcoletti (803) 381-5149 IKON Financial Group.

Yes... Appraisers are experienced in finding valuation if there are no comps close by.. They just expand their search area within the confinements of the lending program your going for.. This is common for USDA loans.. however, it could be a problem for FHA or VA... it really depends on how far out the appraiser has to go to find comparables... I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Sure, but the property still has to appraise for enough to support the price you are paying which could affect the amount you need for a downpayment. I'd be happy to help you pdumouchel@primelending.com 843-619-6025 Of course, HOW unique is part of the question...!

Are you the seller or an agent? If you would like to discuss feel free to give me a call...(803) 381-5149

That could be a challenge, the buyer may need more of a downpayment or they need to try another lender (such as Travis who offered to look at the transaction) and ask them to review the appraisal they already have. Lenders are understandably cautious about lending on properties that could be difficult to sell if the unthinkable happened and they had to foreclose. They may consider the property to be an "overimprovement" for the area if there are not other similar size/quality homes in the area.

Yes you can the Appraiser will have to do more work to find a value for the property but they will still be able to derive a value

I work with private money investors. email me at yourloanpartnerforlife@live.com linda

I wouldn't be able to do that with an FHA-insured program, and I don't see how it can be done with VA or a conforming program. However, some of the Loan Officers replying back to you saying "yes" may have access to a Portfolio or Hard Money Lender that'll do it. Chances are good your down payment will need to be larger and the interest rate will be higher.

Getting an appraisal is an important part of the loan process. When you have a unique property, or one in an area without good supporting comparable properties, it is much harder to get a loan. Log homes are always a challenge. I just got one closed - but we had to fight. Good luck