Using 401k as down payment

[Ami Soni]

Hi Everyone,

My name is Ami Soni and I am from the suburbs of Chicago area. I am approaching my first deal and looking for more information on using 401k savings as down payment without the penalty? I believe I've heard on a podcast that you can borrow it for a certain # of years (less than 2)  and if paid back in the required time, there would be no penalty? Any information will help. Thank you and looking forward to connecting with others.

Ami