Arizona Loan Status Update (LSU): What It Is and When It's Due
Quick answer
The Arizona Loan Status Update (LSU) is an Arizona REALTORS® form that shows the seller where your home loan stands. Under the standard Arizona resale purchase contract, you must deliver it to the seller within ten days after the contract is accepted, with at least lines 1 through 40 filled in. Your lender usually prepares it. If the LSU changes your loan type from the Pre-Qualification Form you sent with your offer, the LSU's terms generally set your financing contingency.
The Arizona Loan Status Update is one of the first deadlines you'll hit after your offer is accepted. It's a short form, but it carries real weight in your contract, so it helps to know what it is before you're in escrow.
What is the Arizona Loan Status Update (LSU)?
The LSU is a form created by Arizona REALTORS®. It describes the status of your proposed home loan and walks through the major steps a loan goes through before closing.
Arizona REALTORS® describes the LSU as a tool to help buyers and agents follow the four main parts of the loan process:
- Pre-qualification
- Documentation
- Underwriting and approval
- Closing
Page 2 of the LSU also tracks federal disclosure steps: the lender getting your loan application information, sending your Loan Estimate, you telling the lender you intend to proceed, and the lender sending your Closing Disclosure.
When is the Loan Status Update due in Arizona?
Section 2e of the Arizona REALTORS® Residential Resale Real Estate Purchase Contract says you must deliver the LSU to the seller within ten days after contract acceptance. At a minimum, lines 1 through 40 must be completed. You also instruct your lender to send an updated LSU to the brokers and the seller when they ask for one.
It used to be five days. Arizona REALTORS® changed it to ten days in 2015 when the federal TILA-RESPA Integrated Disclosure rule (TRID) took effect. The reason: a lender must give you a Loan Estimate after you apply, and a five-day LSU deadline was very hard to meet on top of that.
Here's how the LSU fits with the other early loan deadlines in the contract:
| When | What happens |
|---|---|
| With your offer | You attach the Arizona REALTORS® Pre-Qualification Form (Section 2a) |
| Within 3 days after acceptance | Unless already done, you give your lender your loan application information and permission to pull your credit (Section 2f) |
| Within 3 business days of your application | Your lender must give you a Loan Estimate (federal rule) |
| Within 10 days after acceptance | You deliver the LSU to the seller (Section 2e) |
| Within 10 days after you get the Loan Estimate | You tell your lender you intend to proceed and send signed disclosures and the documents listed on the LSU (Section 2g) |
| No later than 3 days before closing | You sign loan documents, or give notice of loan approval without prior-to-document conditions, or give notice that you couldn't get approval (Section 2b) |
The application information in Section 2f is the same six items that start the federal Loan Estimate clock: your name, income, Social Security number, the property address, an estimate of its value, and the loan amount you're asking for.
Does the LSU or the Pre-Qualification Form control my loan terms?
This is the part that surprises people. Section 2b of the contract says your financing contingency is based on the loan described in the Pre-Qualification Form or the LSU, "whichever is delivered later."
Arizona REALTORS® published an example. A buyer's Pre-Qualification Form said conventional loan. Five days after acceptance, the buyer delivered an LSU saying FHA loan. The buyer couldn't get the FHA loan and cancelled. The seller argued the buyer was locked into a conventional loan. Arizona REALTORS® concluded the timely LSU controlled, so the buyer could cancel and get the earnest money back.
Because of this, Arizona REALTORS® tells listing agents that a buyer may be able to change loan programs in the LSU, and that a seller who cares about the loan type can address it in a counteroffer.
After the ten-day LSU, changes are more limited. Under Section 2k, you must tell the seller right away about any change in loan program, financing terms, or lender. You can only make a change without the seller's written consent if it doesn't hurt your ability to get approved, raise the seller's closing costs, or delay closing.
What happens if the LSU is late?
If the LSU isn't delivered on time with lines 1 through 40 completed, Arizona REALTORS® says the seller should send a cure notice under Section 7a. If you still don't deliver it within three days after that notice, you're in breach of the contract and the seller can pursue remedies.
What if the lender won't fill it out? Arizona REALTORS® says the buyer should complete at least lines 1 through 40 on their own. The lender isn't a party to the contract, so the lender's refusal isn't a breach by itself, but Arizona REALTORS® calls it a possible red flag about the loan.
What should I do to keep my LSU on track?
- Talk to a lender before you write an offer. A completed Pre-Qualification Form makes the LSU a quick update instead of a scramble.
- Send your application information fast. The contract gives you three days after acceptance. Sooner is better, because it starts the Loan Estimate clock.
- Tell your lender you intend to proceed. The CFPB notes that a lender can't assume silence means you want to move forward.
- Send documents as soon as they're asked for. Late paperwork can push back your closing. If the home has leased solar, get the lease paperwork to your lender early too. Here's what buyers should know about leased solar on a Pinal County home.
- Hold off on new credit and big purchases. Arizona REALTORS® warns that new credit, job changes, or major purchases during escrow can put your approval at risk, and lenders often re-check credit and employment right before funding.
If you're married and buying in Arizona, the Pre-Qualification Form also asks about marital status, which can affect title. I covered that in Arizona Community Property: Does Your Spouse's Debt Count? For the bigger picture, see my Arizona first-time home buyer guide or my San Tan Valley mortgage lender page.
Frequently asked questions
What is a Loan Status Update in Arizona?
It's an Arizona REALTORS® form that describes the status of a buyer's proposed home loan and lists the major steps from pre-qualification to closing. It's delivered to the seller after the purchase contract is accepted.
How many days does a buyer have to deliver the LSU?
Under Section 2e of the Arizona REALTORS® Residential Resale Real Estate Purchase Contract, the buyer must deliver the LSU to the seller within ten days after contract acceptance, with at least lines 1 through 40 completed.
Who fills out the Loan Status Update?
The buyer's lender usually completes it. If the lender refuses, Arizona REALTORS® says the buyer should complete at least lines 1 through 40 on their own.
Can the LSU change the loan type from the Pre-Qualification Form?
Yes. The contract says the financing contingency is based on the Pre-Qualification Form or the LSU, whichever is delivered later, so a timely LSU can change the loan program.
What happens if the buyer doesn't deliver the LSU on time?
The seller can send a cure notice. If the buyer doesn't deliver the LSU within three days after that notice, the buyer is in breach and the seller can pursue remedies.
Why is the LSU due in ten days instead of five?
Arizona REALTORS® moved the deadline from five to ten days in 2015 because the federal TRID rule requires lenders to provide a Loan Estimate after the buyer applies, which made five days hard to meet.
Contract details come from Arizona REALTORS® articles on the Residential Resale Real Estate Purchase Contract, as published on aaronline.com and read October 21, 2026. Your signed contract controls, and forms can be revised. This isn't legal advice; for questions about your contract, talk with your agent or an Arizona attorney.
Want your LSU ready on time?
I'll help you get your pre-qualification done before you write an offer, so your Loan Status Update is a quick step instead of a deadline scramble. No pressure.
Get pre-approved or ask Andria a question at andriatownsend.com or call 480-487-9166.
About the author: Andria Townsend is a Mortgage Loan Originator with NEXA Mortgage, LLC, based in San Tan Valley, Pinal County. She's lived in Arizona for 15+ years and helps buyers and homeowners across the state.
Andria Townsend, Mortgage Loan Originator, NMLS #2154631. NEXA Mortgage, LLC, NMLS #1660690. Equal Housing Opportunity. This is not a commitment to lend. All loans subject to credit approval, underwriting, and program guidelines.
Sources
- Arizona REALTORS®: A Contract Series, Part 3b (Financing Section: Contingencies)
- Arizona REALTORS®: A Contract Series, Part 3a (The Financing Section)
- Arizona REALTORS®: A Loan Status Update Provided Within 10 Days of Contract Acceptance Governs Over a Pre-Qualification Form
- Arizona REALTORS®: TILA-RESPA Integrated Disclosure Rule Changes to AAR Forms
- CFPB: What is a Loan Estimate?
- CFPB: What does "Intent to Proceed" mean?
