Assuming that you have been impacted by the virus in one of the enumerated ways and therefore qualify, you can take a penalty-free distribution (as well as waive the 20% withholding requirement) from your 401k (assuming that the employer allows it) anytime between 1/1/2020 and 12/31/2020.

I am having my retired parents move in to the home and would like to get them settled without worry about repairs and contractors trying to work.

I'm not sure if your parents would help you qualify for a loan like this. 

It'll be for a primary residence in the town I grew up in, work in and where my parents live if that matters.

I use Bear, DE as an example because my parents live there, nice town but not a great real estate market for investors.

Ask a syndicator who they recommend for their parents 401K?   

One property owner in Berkeley,“a tenant threatened to withhold rent because of a new ban on evictions,” even though the renter is retired and saw no change in income. her tenant requested a 40 percent rent reduction despite making $172,000 a year at a major tech firm.

My parents' home is worth approx. $429K on Zillow.

My parents owned a plot of land in our NJ town that they bought back in the 80's with grand plans to eventually build, and then it got classified as wetlands or something in the 90's and that was the end of that! 

If you are FlippingA - Sold Comps in the immediate area that are within 10% of the sq ftg of the property you are analyzing sold within the last 3 months B - Needed Profit in Dollars...not percentage (pay yourself first or why bother)...and don't change the number.C - Cost/expenses associated with buying property  D - Maximum Offer on property (in dollars, not percentages)...and don't fudge the number, or rationalize a different number A - B - C = DIf you are Holdinga - Rental Comps in the immediate area that are within 10% of the sq ftg of the property you are analyzingb - Needed Cash Flow in Dollars...not percentage (pay yourself first or why bother)...and don't change the number.c - Cost/expenses associated with holding property that you have to pay...not the tenantd - Maximum mortgage payment you can paye - Maximum mortgage you can afford on the property (in dollars, not percentages) based on terms you are getting from lender (unterst rate and term length)...and don't fudge the number, or rationalize a different numberf - Down Payment as a percentageg - Down Payment in dollarsh - Maximum offer you can make in order to get the cash flow you needa - b - c = de + g = h