How long does it take to obtain a loan from your 403 plan to

kelleymary · Joined: 21 Aug 2008 Posts: 1 1.25 Dollars($)

How long does it take to obtain a loan from your 403 plan to buy a home? I want to buy a home and need additional money. How long does it take to get a loan from my 403B plan?

larry · Joined: 27 Jun 2007 Posts: 3328 473.51 Dollars($)

Hi kelleymary ,

Welcome to the forum. If you cash to buy a property then borrowing from 403b is not a very bad option. Actually you are borrowing from your own pocket. You need not to go through a credit checking also. It doesn't take even much time. If you are planning for a Loan from 403(b) account then take a look at http://www.mortgagefit.com/401k-403b-loans.html

Feel free to ask if you have any further questions.

Best of luck,
Larry

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