Think about it:
1. Your being taxed on the money you withdraw
2. You pay back the loan with after tax dollars
3. When you retire, your taxed again on the money when you take it out
a 403 account is a retirement account. Do not touch it!
Most, if not all qualified savings plans have penalties for early withdrawal. As was already mentioned, you should check with the administrator of your plan for details. Down payment and reserve requirements are becoming more of an issue lately as many lenders are reacting to the volatile market conditions we have right now. Definitely check into your financing options as soon as possible so that you know what to expect prior to making any offers. Feel free to contact me for a full evaluation. My cell is 845-544-3001.
914 804 1126 or email@example.com
Also, another advantage is that you are paying yourself back the interest on the loan. Can't beat it.