Borrowing From 401k To Buy House Official

: Approval is guaranteed if your plan allows loans; it doesn't impact your credit score.

: For a home purchase, many plans allow an extended term, often up to 15 years . borrowing from 401k to buy house

: You pay interest (usually Prime + 1–2%) back into your own account. ⚖️ Pros vs. Cons The Upside : Approval is guaranteed if your plan allows