LOAN STATUS UPDATE (LSU) February 2017

1 loan STATUS UPDATE (LSU)Document updated: February 20171. Pursuant to Section 2e of the Contract, Buyer shall deliver to Seller the AAR loan STATUS UPDATE ( LSU ) describing the current2. STATUS of Buyer s proposed loan within ten (10) days after Contract acceptance and hereby instructs lender to provide an updated3. LSU to Broker(s) and Seller upon request. Lender is indicated on lines 4 and :COMPANYARIZONA LICENSE # OFFICERNMLS # of Escrow (s) (s) Address or Assessor's #(s) :, AZ ZIP Code:PRE-QUALIFICATION :is not relying on Seller Concessions for Buyer s loan costs, impounds, Title/Escrow Companycosts, recording fees, and, if applicable, VA loan costs not permitted to be paid by Buyer.

2 (Note: The amount that Seller agrees tocontribute, if any, shall be established in the Contract.) not relying on the sale or lease of a property to qualify for this of Type:Single Family HomeFHAVAS econdaryCondominiumVacant Land/LotUSDAO ther:Non-Owner OccupiedPlanned Unit DevelopmentManufactured has provided Buyer with the HUD form For Your Protection: Get a Home Inspection (FHA loans only).YES NO has completed a verbal discussion with Buyer including a discussion of income, assets and has obtained a Tri-Merged Residential Credit on the information provided, Buyer can pre-qualify for a loan amount of: $ rate not to exceed:%, Documentation Received: Lender received the following information from Buyer (Additional documentation may be requested.)

3 Has instructed, and Lender agrees to provide loan STATUS updates on this AAR loan STATUS UPDATE form to Seller and Broker(s)within ten (10) days of Contract acceptance pursuant to Section 2e of the Contract and upon request comments:NO N/APaystubsW-2sPersonal Tax ReturnsCorporate Tax ReturnsYES NO N/ADown Payment/Reserves DocumentationGift DocumentationCredit/Liability DocumentationOther:39. Buyer commits to work with the above referenced Lender on the terms described herein. Buyer acknowledges receipt of a copy 1 of 2 loan STATUS UPDATE Updated: February 2017 Copyright 2017 Arizona Association of REALTORS.

4 All rights reserved.>>^ BUYER S SIGNATUREMO/DA/YR ^ BUYER S SIGNATUREMO/ pre-printed portion of this form has been drafted by the Arizona Association of REALTORS .Any change in the pre-printed language of this form must be made in a prominent representations are made as to the legal validity, adequacy and/or effects of any provision,including tax consequences thereof. If you desire legal, tax or other professional advice, pleaseconsult your attorney, tax advisor or professional :assuming a monthly principal and interest loan payment of $, provided that the total monthlypayment (which includes principal, interest, mortgage insurance, property taxes, insurance, HOA fees, and flood insurance,if applicable) does not exceed: $,ARIZONA LICENSE #NMLS #Fixed Interest RateAdjustable Interest RatePre-Payment :isis not relying on down payment assistance to qualify for this STATUS UPDATE (LSU) >>Page 2 of 2 loan STATUS UPDATE Updated.

5 February 2017 Copyright 2017 Arizona Association of REALTORS . All rights reserved.^ loan OFFICER'S SIGNATUREMO/ 2 of received the Contract and all sent loan indicated to Lender an intent to proceed with the transaction after identified down payment received and reviewed the Title for the appraisal has been ordered the locked the loan program and financing terms, including interest rate and expiration received the Initial Documentation listed on lines receivedUNDERWRITING AND submitted the loan package to the obtained loan approval with Prior to Document ( PTD ) conditions have been has loan approval without PTD ordered the Closing loan Documents and received signed Closing loan Documents from all Lender Quality Control Reviews have been Prior to Funding ( PTF ) Conditions have been met and Buyer has approval without have been funds have been received by Escrow of escrow occurs when the deed has been recorded at the appropriate county recorder s Address or Assessor's #(s)

6 Received Buyer's name, income, social security number, Premises address, of value of the Premises, and mortgage loan amount soughtreceived the loan received a signed Form 1003 and Lender disclosuresPremises/Property appraised for at least the purchase priceClosing Disclosure provided to BuyerClosing Disclosure received by Buyer