09/03/2026
Thinking about tapping into your 401(k) to buy a home? Read this first.
With home affordability still a challenge, it can be tempting to look at your retirement savings and think, “Maybe that could be my down payment.”
But before you do, take a step back.
Using retirement savings could come with penalties and lost investment growth, so it’s important to understand the potential impact before making a decision.
There may be other options worth exploring first:
Low- and no-down-payment loan programs
Down payment assistance programs
Different financing strategies
The right answer depends on your financial situation and long-term goals.
Talk with a financial professional before tapping your retirement savings — and let’s connect when you’re ready to explore your homebuying options.
Thinking about using your 401(k) for a home down payment? Learn the risks, alternatives, and questions to consider before tapping retirement savings.