Fill out the Arizona LSU form online in minutes using the FormsPal PDF editor. The tool lets you complete every required field, add your signature, and download the finished document without printing or scanning. Follow these steps to get started:
Step 1: Click the "Get Form" button at the top of this page to open the PDF editor. All the controls needed to work with your document are available in the toolbar.
Step 2: The editor lets you type into each field, adjust existing content, and add a digital signature. You can save your progress at any time.
Be careful when filling out this PDF form. Review each field to make sure no required information is left blank.
1. Start with the first section of the Arizona LSU form. Enter the lender's name and contact information, the loan type (conventional, FHA, VA, or other), and the property address. Record whether the buyer is relying on the sale or lease of another property. Make sure all required fields in this section are complete before moving on.
2. Fill in the checkboxes for Property Type (Single Family Residence, Vacant Land/Lot, or Other). Complete the YES/NO/NA responses for lender items: initial documentation received (pay stubs, W-2 forms), down payment source identified, and any seller concessions. Record any additional comments. Confirm that the buyer has instructed the lender to provide updates as required by Section 2e of the purchase contract.
3. Complete the buyer signature section. Both buyer signature lines require a date. Also fill in the Loan Status Update date and the page reference at the bottom of this section.
4. Work through the lender milestone checklist. Mark YES, NO, or NA for each item: receipt of signed disclosures, appraisal payment, and appraisal order placed. The loan officer enters their initials and the date next to each completed step. Leave no checkbox blank.
5. The final section covers closing milestones. Mark each item: closing documents ordered, documents sent to the title company, signed note and deed received, loan approved without conditions, Quality Control checks passed, Prior to Funding conditions cleared, funds ordered, and all funds received. The loan officer signs and dates this page to confirm the loan is ready for close of escrow.
Step 3: Review all entries, then click "Done." Create a free FormsPal account to download your completed Arizona LSU form as a PDF, send it by email, or store it securely online. Your document is available any time you need it.
Tips for Completing the Arizona LSU Form
Gather the information you will need before you begin: the lender's full name and phone number, the loan type, the property address, and details about any existing property the buyer needs to sell. Having these details ready reduces errors and speeds up the process.
Pay close attention to the YES/NO/NA checkboxes in sections 2 through 5. Each checkbox represents a specific lender action. Leaving any item blank can cause delays. If a step is not applicable to the loan type, mark it NA rather than leaving it empty.
Both the buyer and the loan officer must sign and date the form. A common error is forgetting the loan officer's signature on the final page, which can make the update incomplete. Confirm that both parties have signed and dated the form before submitting it.
If you need other documents for your Arizona real estate transaction, FormsPal also has the closing disclosure form and the loan agreement template.
Common Questions About the Arizona LSU Form
What is the Arizona LSU form used for?
The Arizona Loan Status Update form documents the current state of a buyer's mortgage application during a real estate transaction. It is required under Section 2e of the Arizona purchase contract and must be submitted within five days of contract acceptance.
Who completes the Arizona LSU form?
The buyer's lender or mortgage broker completes the status checkboxes and milestone dates. The buyer signs the form to authorize the lender to share loan information with the seller and brokers. Both the buyer and the loan officer must sign the completed form.
How often does the lender need to update the LSU form?
The lender must provide an updated LSU form upon request from the seller or broker at any point during the transaction. The initial update is due within five days of contract acceptance, with additional updates required as the loan progresses through underwriting and toward closing.
Can I fill out the Arizona LSU form online?
Yes. You can complete the Arizona LSU PDF form directly in your browser using the FormsPal editor. The tool lets you type into all fields, add your signature, and save or download the finished document. No software installation is required.