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by daisymea on April 9th, 2006

daisymea

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If we are not first time home buyers, and we're not old enough to retire, can we use the money in a 401k savings plan to purchase a new home without being penalized?

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Answers. 2 helpful answers below.

  • by Geezer on June 10th, 2009

    Geezer

    You might be able to be considered a 1st time homebuyer if you haven't owned a home or been on title to a property for the last 3 years. Talk to a mortgage consultant in your area for specifics.

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  • by okiedokie on April 18th, 2007

    okiedokie

    Nope- not in our you can't- probably not in yours either. Unless yours is special, the answer is no way.

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