Banks use "table appraisal". Example, the developer of the property is accredited by the bank, the appraised value is equal to the selling price of the developer. Then, the loan amount will be 80% of the appraised value. (This is applicable only for acquisition loans for NEW house and lot.)
For properties with former owner (OLD house and lot), normally the appraised value is 70% to 90% of the current market value. Get the 70% to 80% of the appraised value to arrive with the approved loan amount. This is a very conservative computation. The bank might increase the amount of the loan depending on the borrower's capacity to pay.
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