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HR 401k Loan for home purchase

Hello. I am in the process of purchasing a home. I put in a request for a loan 10/3. There was some back and forth with my HR but I was informed that once I sent over paperwork needed on 10/6 that things were approved and fine. I followed up again on 10/8 saying that I needed conformation that the loan was approved and that I needed the funds in my account by 10/14. My HR emailed me back on 10/8 stating the loan was canceled and will need to be re-submitted. I did this and followed up Monday to be sure my expectations would be met. I was told that if the funds didn’t clear in my account by 10/14 that I would be cut a check. Per the lender a check will not work. I’m at a loss. I put this request in with plenty of time, I…


Hello. I am in the process of purchasing a home. I put in a request for a loan 10/3. There was some back and forth with my HR but I was informed that once I sent over paperwork needed on 10/6 that things were approved and fine. I followed up again on 10/8 saying that I needed conformation that the loan was approved and that I needed the funds in my account by 10/14. My HR emailed me back on 10/8 stating the loan was canceled and will need to be re-submitted. I did this and followed up Monday to be sure my expectations would be met.

I was told that if the funds didn’t clear in my account by 10/14 that I would be cut a check. Per the lender a check will not work. I’m at a loss. I put this request in with plenty of time, I did my part to check and re check that things were processed and that I would have the funds in time.

What do I do?

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