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Buying or Selling a Home/downpayment
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Question
Can u use a hardship withdraw from your 401k as a down payment to buy a home.
Hi Thomas,
Your question should be directed to an accountant or CPA (Certified Public Accountant) who is up to date on the regulations regarding withdrawals from 401K’s.
Sorry I could not help, but this is not my area of expertise and by law, I cannot advise you on this.
Good luck to you, and feel free to write again if I can help with any real estate questions in my area of expertise.
Elizabeth
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Answers by Expert:
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liznarr
Expertise
I can answer questions relating to the purchase and/or sale of residential homes and land, including what a really good agent should be expected to do and/or not do; where to turn when problems occur; and questions regarding disclosure. I`m a Licensed Realtor in the Southeast since 1984 with designations of Broker, GRI, CRS, and CBR (Certified Buyer Representative). Current active and Life Member of Million Dollar Club, Certified by State Real Estate Commission to teach Pre-Licensing and Continuing Education courses, specializing in Agency. Currently serving on Grievance and Professional Standards Committees, and Education Committee in past.
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