Can I Use a 401K to Help Buy My First Home?
Is it smart to use your 401k for a down payment on a home as a first time home buyer? Here’s what one first-time buyer actually did — and how it turned out.
Check out Saly's full story: https://howtobuyahome.com/saly-first-...
Saly didn’t wait until everything was “perfect” to buy her first home. She was still in a lease. She didn’t have a huge savings account. So she tapped into her 401k to cover her 3% down payment — and three years later, she has no regrets.
In this highlight from her full interview, Saly and David talk through what it really means to use retirement savings to buy a home — and how the long-term stability and growth from owning gave her even more confidence in her future.
“It’s a loan to yourself.” – Saly
In this clip:
• How a 401k loan works for first-time buyers
• Why she chose it over waiting years to save
• The mindset shift that came from owning
• How it helped her build equity and peace of mind