Construction Loans › What is an as if complete valuation?

What is an as if complete valuation?

An as if complete valuation is a lender ordered estimate of what your finished home will be worth, based on your plans and the building contract, before construction starts. It helps the lender set the loan against the end value.

Written by Ross McFarlane, Licensed Mortgage Broker (Credit Representative 526725). About the author

Why this matters

Because the home does not exist yet, the lender values it as if it were already built, using your plans and fixed price contract. This figure shapes how much you can borrow and your loan to value ratio. If the valuation comes in lower than expected, it can affect your deposit or approval, so it is worth understanding early.

The key points

An estimate of the finished home value.
Based on your plans and building contract.
Sets the loan against the end value.
A low valuation can affect deposit or approval.

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Last reviewed: June 2026

General information only. This page provides general information about home loans and is not financial or credit advice, a quote, or a guarantee, and your personal circumstances have not been considered. Lending policies, interest rates, fees and eligibility vary by lender and change over time. Always confirm your own situation with a licensed mortgage broker or lender before acting. Ross McFarlane (Credit Representative 526725) is an authorised Credit Representative of Australian Associated Advisers Pty Ltd t/a Keylend, Australian Credit Licence 392169.