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December 12, 2025

The First-Time Buyer’s Secret: Borrow From Your 401(k) and Ask the Seller to Pay Your Closing Costs

Struggling to save for a down payment? Many first-time buyers use a smart combo: borrowing from a 401(k) and negotiating seller-paid closing costs. Here’s how this strategy works, what lenders allow, and when it makes sense.
What are Rick’s
Clients Saying About Him?
Rick has helped us buy and sell two condos along the Orange line in Arlington. He knows the market and the buildings inside and out. He's courteous, responsive, resourceful, and gives you honest, helpful feedback. He even helped us sell and close on a condo while we were living abroad. We've recommended Rick to friends and they've had similar positive experiences. - Adam & Jill V.
Rick is the guy who *really* knows the Orange Line corridor and who you want to use for buying or selling. A canny negotiator who knows when to "hold" and when to compromise. Next time I need a condo in Arlington, I'm going to call Rick! - Andy G.