Can I Use My 401(k) To Buy a House?

From Time:

…Roth IRA without penalty for a down payment on a home. Another option is seeking down payment assistance programs, which can provide loans or grants to help with the upfront cost of purchasing a home. You can also consider taking out a personal loan or taking advantage of gift funds from family or friends as alternative methods of securing a down payment. Ultimately, while using a 401(k) to buy a home is possible, it comes with financial risks and potential drawbacks, so it’s important to carefully weigh your options and consider alternative methods of securing the funds needed for a down payment.



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