Is there a max for using 401k money for my down payment
Either a max amount or a max percentage of my down payment - it might be the only source i have at this point. thank you by coreen.230001459 from Ferndale, Florida. May 2nd 2014
Eric Vander Werff (Evanderwerff)
#23 ranked lender in Idaho - 5 contributions
For most conventional and government loans, you can use as much as your plan will allow you to withdraw.
Mike Silkworth (msilkw_195_870)
#29 ranked lender in Michigan - 531 contributions
No restrictions on amount - this is YOUR money. I would suggest you consider the benefits of maxing your 401k usage vs. borrowing the max. Either one may be the best choice depending on your circumstances.
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