401K loans? Do housing lenders consider loans against your 401K when calculating your debt

Do housing lenders consider loans against your 401K when calculating your debt ratio?

No because it does not show up on your credit report. A 401k loan is not a line of credit extended to you...it is a loan from yourself and the interest you are paying adjectives goes back into your 401k.

Yes, it's still a debt for purposes of calculating your ability to repay a loan.

Answers:
SCH and bettyboop dont have a clue. A loan against your 401K is still a loan that must be paid put money on and it IS calculated into your debt ratios. Now if you are cashing out a portion of your 401K then i.e. not a payment so it is not calculated into debt ratios. Dont try and draw from the loan without telling your LO any. Keep in mind that all funds must be seasoned, which ability where they came from. So if you borrow against your 401K to use as down return or pay closing cost you have to show where on earth it came from and then you are caught. Not a pleasant sense I am sure.

yes because its a debit that you are paying rotten.
but the remaining balance is an asset so if you have a honest credit balance plus a great credit rate score you will bring a better interest rate for the mortgage loan.