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Updated about 5 years ago,

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6
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Reese W.
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6
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Using a "roth loan" for down payment on conventional loan?

Reese W.
Posted

My plan is to use my roth for the down payment on a conventional loan, then replenish the roth loan with unseasoned cash well after closing (from investors or bitcoin liquidation).  Will the lender have any issues with this?

And for the unfamiliar, a "roth loan" isn't actually a loan, it's just a provision that lets you withdraw any roth money penalty-free, provided you return it within 60 days.  I'm not talking about the first time homebuyer option that gives you up to $10k.

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