08/31/2026
🏡 Thinking about using your 401(k) for a down payment? Read this first!
If you’ve built up a good amount in your 401(k), using it for a home purchase might seem like an easy way to come up with a down payment. But taking money out early can potentially mean taxes, penalties, and less money available for your future retirement.
The good news? You may have other options. Depending on your situation, FHA loans can allow qualified buyers to put down as little as 3.5%, and down payment assistance programs may also be available.
Before tapping into your retirement savings, talk with a qualified financial advisor and a knowledgeable real estate professional to understand your options.
💬 Thinking about buying a home but not sure how much you need to get started? Let’s talk! I’d be happy to help you explore your homebuying options.
📞 323-540-6774
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