AAR Prequal Form PDF Details

The AAR Prequalification Form was last updated in February 2013 by the Arizona Association of REALTORS. It is used alongside an Arizona Residential Resale Real Estate Purchase Contract or Vacant Land/Lot Purchase Contract to confirm that the buyer has been evaluated by a licensed lender before the transaction proceeds.

The lender documents several key areas on the form: loan type (conventional, FHA, VA, USDA, or other), loan terms, whether the purchase depends on the sale or lease of another property, whether seller concessions are expected, occupancy type (primary residence, second home, or investment property), and initial documentation reviewed. Because Arizona is a community property state, the buyer's marital status is also recorded. Documentation typically reviewed includes pay stubs, W-2s, tax returns, bank statements, and credit reports.

A pre-qualification is not a loan approval. It is a lender's preliminary assessment that must still be verified by an underwriter. Any material change in the buyer's income, debt, employment, or assets can invalidate the pre-qualification and require a new evaluation. The lender is required to update the seller's broker on any loan status changes during the transaction. For related financial documents, see the Mortgage Prequalification Worksheet, the Prequalification Mortgage Paper, or the Real Estate Questionnaire for Buyers.

QuestionAnswer
Form NameAAR Prequal Form
Full NameArizona Association of Realtors Pre-Qualification Form
Form Length1 pages
StateArizona
IssuerLicensed Lender (Arizona Licensed Mortgage Company)
Last UpdatedFebruary 2013
Used WithAAR Residential Resale Purchase Contract or Vacant Land/Lot Purchase Contract
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesarizona association of realtors pre qualification form, arizona lsu form 2021, aar prequal form, arizona pre approval form

Form Preview Example

PRE-QUALIFICATION FORM

Document updated:

February 2013

PRE-QUALIFICATION INFORMATION

1.Purpose: This Pre-Qualification Form is to be used in conjunction with an AAR Residential Resale Real Estate Purchase Contract or

2.Vacant Land/Lot Purchase Contract (“Contract”) and is to be completed by the Lender as indicated on lines 34 and 35.

3.

Lender has consulted with

 

 

 

 

 

 

 

 

 

 

(“Buyer”) and submits the following:

4.

Buyer is:

 

N Married

 

N Unmarried

N Legally Separated

 

 

5.

Buyer

 

 

N is

N is not

relying on the sale or lease of a property to qualify for this loan.

 

 

6.

Buyer

 

 

N is

N is not

relying on Seller Concessions for Buyer’s loan costs including pre-paids, impounds,

7.

 

 

 

 

appraisal fees and Buyer’s title and escrow fees. (Note: The amount that the Seller agrees to contribute, if any,

8.

 

 

 

 

shall be established in the Contract).

 

 

 

 

 

 

 

 

 

9.

Type of Loan:

N Conventional

N FHA

N VA N USDA

 

N Other:

 

 

 

 

 

 

 

 

 

 

 

 

 

10.

Occupancy Type:

N Primary

 

N Secondary

N Non-Owner Occupied

 

 

11.

Property Type:

N Single Family Residence

N Condominium

N Planned Unit Development

N Manufactured Home

12.

YES

NO

N/A

N Mobile Home

 

N Vacant Land/Lot

N Other:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

13.

N

N

N

Lender has provided Buyer with the HUD form “For Your Protection: Get a Home Inspection” (FHA loans only).

14.

N

N

N

Lender has completed a verbal discussion with Buyer including a discussion of income, assets and debts.

15.

N

N

N

Lender has obtained a Tri-Merged Residential Credit Report.

 

 

16.

Based on the information provided, Buyer can pre-qualify for a loan amount of: $

 

 

,

17.

assuming a monthly principal and interest loan payment of $

 

 

 

 

 

 

 

, provided that the total monthly

18.payment (which includes principal, interest, mortgage insurance, property taxes, insurance, HOA fees, and flood insurance,

19.if applicable) does not exceed: $

20. Interest rate not to exceed

 

%

21.Initial Requested Documentation: Lender has received the following information from the Buyer:

22.(Additional documentation may be required).

YES NO N/A

YES NO N/A

23.

24.

25.

26.

N

N

N

N

N

N

N

N

N

N

N

N

Paystubs

W-2s

Personal Tax Returns

Corporate Tax Returns

NN NN NN NN

N

N

N

N

Down Payment/Reserves Documentation

Gift Documentation

Credit/Liability Documentation

Other:

27.Additional comments:

28.Buyer has instructed, and Lender agrees to provide loan status updates on the AAR Loan Status Update form to Seller and Broker(s)

29.within five (5) days of Contract acceptance pursuant to Section 2e of the Contract and upon request thereafter.

LENDER INFORMATION

30.The lender identified below has prepared the information listed above with the Buyer(s) and has completed the above action points

31.noted. This information does not constitute loan approval. All information provided must be approved by an underwriter, and any

32.material change in the Buyer’s credit or financial profile will render this pre-qualification null and void.

33.

The above pre-qualification expires on

 

 

 

 

.

 

 

 

 

 

 

 

 

DATE

 

 

 

 

 

 

 

 

 

34.

 

Lender:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

COMPANY

 

 

 

 

 

 

 

 

ARIZONA LICENSE #

35.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

LOAN OFFICER

 

 

 

 

 

 

 

 

 

 

NMLS #

 

 

36.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ADDRESS

CITY

 

 

 

 

 

STATE

 

ZIP

37.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

EMAIL

 

PHONE

 

 

 

 

FAX

 

 

38.

^ LOAN OFFICER’S SIGNATURE

MO/DA/YR

39.Buyer acknowledges receipt of a copy hereof and grants permission to Broker to submit this Pre-Qualification Form with Contract.

40.

^ BUYER’S SIGNATURE

MO/DA/YR ^ BUYER’S SIGNATURE

MO/DA/YR

Pre-Qualification Form • Updated: February 2013 • Copyright © 2013 Arizona Association of REALTORS®. All rights reserved.

How to Edit Aar Prequal Form Online for Free

The AAR Prequal Form can be filled out online easily using FormsPal's PDF editor. Our tool is continuously updated with new features based on user suggestions. Here is how to complete it in a few steps:

Step 1: Press the orange "Get Form" button above to open the PDF editor.

Step 2: Use FormsPal's advanced PDF editor to fill in all required fields. You can add text, images, and electronic signatures to complete the form accurately.

Here is a step-by-step walkthrough of the AAR Prequal Form fields:

1. The first section of the Arizona pre-qualification form requires details about the buyer and the loan. Make sure the following fields are complete:

AAR Prequal Form - arizona pre qualification form writing process explained (stage 1)

2. Continue to the next section and fill out all required fields, including: Initial Requested Documentation, Paystubs, W-2s, Down Payment source, Additional comments, Buyer instructions to lender, Pre-qualification expiration date, Lender name, Company Arizona License number, Loan Officer NMLS number, Address, City, State, ZIP, Email, Phone, and Fax.

Guidelines on how to fill in the Arizona pre-qualification form step 2

3. Complete the final section: Buyer Acknowledgment, Buyer Signatures, dates, and the Pre-Qualification Form Updated confirmation field.

Pre-Qualification Form Updated, date, and Buyer Signature in the AAR Prequal Form

Review all entries before submitting. Step 3: Click "Done" to finalize your completed AAR Prequal Form. Register for a free 7-day trial to save forms in your FormsPal cabinet with full data security.

For related Arizona real estate forms, see our Arizona Real Estate Purchase Agreement and Mortgage Prequalification Worksheet.

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