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Updated 11 months ago,

User Stats

8
Posts
1
Votes
Raymond Cardenas
  • New to Real Estate
  • Galveston Texas
1
Votes |
8
Posts

401k loan for down payment?

Raymond Cardenas
  • New to Real Estate
  • Galveston Texas
Posted

I have a question, thanks in advance for the help! I read from multiple sources that a general purpose 401k loan will not show up on a home loan application. It won’t affect your debt-to-income ratio and won’t affect credit score/history. Would I be able to take out a loan, let it sit in my personal savings account for at least 60 days and be able to use that as a down payment on a house?

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