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CONDITIONAL LOAN APPROVAL THE PRINTED PORTION OF THIS FORM HAS UNAPPROVED BY ARIZONA ASSOCIATION OF REALTORS 1. The undersigned s Mortgage Banker s Mortgage Broker (AAR). (Lender “) has made a preliminary

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What is conditional loan approval?

Conditional loan approval is when a lender approves a loan application subject to certain conditions that the borrower must meet in order for the loan to be finalized and funded.

Who is required to file conditional loan approval?

The lender or financial institution is required to file conditional loan approval.

How to fill out conditional loan approval?

To fill out conditional loan approval, the lender will typically provide a form or document that needs to be completed with the necessary information and conditions for loan approval.

What is the purpose of conditional loan approval?

The purpose of conditional loan approval is to inform the borrower that their loan application has been tentatively approved, but there are still specific conditions that need to be met before final approval can be granted.

What information must be reported on conditional loan approval?

Conditional loan approval typically requires reporting the borrower's personal and financial information, loan terms, required documentation, and any specific conditions for final approval.

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