Home » Money Management

Can money from a 401k loan for a first time home go towards a down payment AND closing costs?

26 August 2010 No Comment

Donna S asked: I know I can use a loan from my 401k towards the down payment. If I have some money left over from the 401k after that, can I use the rest for the closing costs?
Question posted courtesy of: Chris

Can money from a 401k loan for a first time home go towards a down payment AND closing costs?

Are you a financial adviser? Learn more about 1-800-NEST-EGG

Leave your response!

Add your comment below, or trackback from your own site. You can also subscribe to these comments via RSS.

Be nice. Keep it clean. Stay on topic. No spam.

You can use these tags:
<a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

This is a Gravatar-enabled weblog. To get your own globally-recognized-avatar, please register at Gravatar.