use 401k to buy house

Can I Use My 401(k) to Buy a House?

Yes! However, using your 401(k) account to buy a house is generally not recommended. If you do it before 59½ years of age, you'll pay a 10% early withdrawal penalty. Which is why, only 5% of all down payments...

8 min read Jan 30, 2024

Yes! However, using your 401(k) account to buy a house is generally not recommended. If you do it before 59½ years of age, you’ll pay a 10% early withdrawal penalty. Which is why, only 5% of all down payments were made by tapping into a 401(k).