Can you take a distribution on a 403b for a first time home down payment?

Yes, you can take a distribution from a 403(b) for a first-time home purchase, but it typically comes with restrictions and potential penalties. While the Internal Revenue Service (IRS) allows for special withdrawals for first-time homebuyers from certain retirement accounts like IRAs, 403(b) plans may not offer the same flexibility. You may be subject to income taxes and a 10% early withdrawal penalty if you're under 59½. It's advisable to consult with a financial advisor or tax professional to understand the implications fully.