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[Sandra Rostek]

You can do an appraisal, but it will be "subject to" repairs/completion, and they will have to re-inspect prior to closing.  Unless you go for construction/re-hab financing, you won't be able to close until it's done.  I'm not sure why you need to refi, but I'll guess that you need the money to complete the project, in which case, you might be stuck.  I'd try to avoid getting a loan that will fund the re-hab since they are so time consuming and expensive....pain in the butt too.  Find a mortgage company to get the mortgage approved on the "subject to" appraisal and get everything ready to close.  Do whatever you have to to get the job done....maybe an agreement with the contractor to be paid based on a closing within a week of completion....and as soon as it's done, have the final inspection done, and close.  A good mortgage company will be able to provide a commitment to the contractor that the loan is approved, and will close within X days of completion, and will get it done.  Good luck! Sandra