Home Buying in Cleveland>Question Details

tlou5800, Home Buyer in Cleveland, OH

401k Primary residence question

Asked by tlou5800, Cleveland, OH Tue Jul 29, 2014

I have a question using my 401k for a primary residence loan. Due to my credit before I met my wife I am unable to be on the home loan. So my wife will be only one on the mortgage with both of us being on the deed.

Can I still take out a 401K primary residence loan? I really do not want to take out a general purpose loan, due to the taxes at the end of the year.

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