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Reply to "Borrowing from TSP for down payment?"
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[quote=Anonymous]We did it to buy our first home. 1% interest. We could easily redo it to pay it off earlier, which we did. I ended up leaving the feds when I owed $3K. I had 60 or 90 days to repay it back or the whole thing would be counted as a disbursement and taxed. We planned the whole move to private practice, so it was not a hassle for us to repay the $3K quickly upon leaving. Whole process was seamless and worked out well in our favor. We then sold the house two years later and made $30K over what our down payment was.[/quote]
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