using 401k to qualify for fha mortgage

Ashford, WA qualifies for USDA 0% down. Please give a call and I can help. Wendy 360-352-2101

Yes you can, you'll just need to document that you can (and have prior to final approval and closing) withdraw (or borrow) money from the 401k for the downpayment. FYI, loans from a 401k do not count as part of your debt ratios.

Wendy: I have free Grant money, 3 or 5% of the loan amount I can give you towards your down payment or c/c/ or p/p. you have to have a 640 Score, cannot make more than 69,805.00 in income, no more than 45% debt to income ratio ( I can calculate this for you) you can use this Grant money with USDA, conventional and FHA loans. Now to answer your question, yes you can withdraw your 401 k money if your employer allows it. There may be qualifications or penalties, call them & ask all the right questions and how much can you get. If you decide to go USDA route, no down payment required, ask the seller to pay some of your c/c and use the Grant money as extra money just to lower the principle owed. you have lots of choices. Call me I am in Oregon, but I am licensed in Oregon & Washington. ellen Adams 541-521-7192www.Academymortgage.com/ellen.adamsor make loan application via my web site.

I mean Deet NOT Wendy.Ellen