Back to Top Contributors
Jared Ross

Answers by Jared Ross

1 answers · 5 pts

Can I use my 401K to buy a house... (if so should I?)?

Asked by Brent | St. Louis, MO | 03-20-2023

Jared Ross
Jared Ross03-24-2023 (3 years ago)

This is not typically an ideal situation, however it is doable. I would suggest talking to a local mortgage advisor about alternative down payment options such as grants, special loan programs, and DPA (down payment assistance) instead of defaulting to borrowing funds from your retirement accounts.