My wife and I are buying a new condo in NYC. Exciting…yes. However, we are trying to get our loan in place. Initially, my wife and I were both on the loan and we were quoted the rate of 5.375 by our broker. It turns out that by using my credit score alone we can get 5.25. Not a huge difference, but it all helps.

Question is, we had borrowed half of her 401k to put towards the down payment and I wondered if we are still eligible to use that if she is not on the mortgage?

Any advice much appreciated

Thanks.

Raymond