Can you use TSP money for a down payment?


Q. I have been a federal employee since April 2008. I am only 31 years old and I am looking into purchasing my first home. I can request a residential loan of about $5,000 from my TSP account. I was wondering if I can use this money as part of my down payment? Thanks.

A. This is a question your lender will have to answer. Borrowing your down payment is usually a no-no, but there may be an exception for money you borrow from yourself.


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Mike Miles is a Certified Financial Planner licensee and principal adviser for Variplan LLC, an independent fiduciary in Vienna, Virginia. Email your financial questions to and view his blog at

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