Form 4506 Bridgeport Connecticut 2024-2025

Form 4506 Bridgeport Connecticut: What You Should Know

CFA provides this information to the Connecticut Department of Housing and Community Solutions (DOCS)  a division of Connecticut Housing and Community Solutions as part of a federal program. DOCS will then provide the Borrower with information on whether the housing needs for the Borrower qualify for assistance under the Low Income Mortgage Program (LIP). This form is for individuals and/or families with an income that does not meet the limits under the LIP for rent, housing cost, or mortgage interest, as determined under a federal program. When  the property loan is approved, the Borrower will be required to provide all the information on this form to the Connecticut Department of Housing and Community Solutions. The CFA will then use the  information on the form to make the home loan to the Borrower. If a Borrower receives funding from LIP to assist with the  purchase price or closing costs, the CFA will provide the loan officer with this information to be sure that the Borrower can qualify for LIP funding. If the Borrower has any existing loans and is eligible for LIP funding, the CFA will use the information on this form to inform the  Borrower the amount of financing available under LIP and to inform the borrower how to access LIP funds. If the Borrower does not qualify for LIP funding the loan process must be finalized based on the information on this form by the deadline date. The CFA is not responsible for any late notices received by the LIP program during the LIP funding approval process. If a Borrower is provided housing or housing cost aid to pay for any housing expense by the Connecticut Department of Housing and Community Solutions during the  process of applying for financing, the Borrower will have the opportunity to submit another claim on the LIP application form. The Borrower is responsible for determining if he/she qualifies for LIP funding on this form.  Each applicant for LIP funding must provide the following information to the Connecticut Department of Housing and Community Solutions: A completed LIP application form (i.e., Form 6, LIP Application Form) ; Information for each household member.

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