![]() If you have both a civilian account and a uniformed services account, the combined account balances and outstanding loan amounts will be used for the second and third calculations listed above. Because money invested in the TSP’s mutual fund window is not available for borrowing, it is not included in any of these calculations.$50,000 minus your highest outstanding loan balance, if any, during the last 12 months.50% of the portion of your total account balance that is made up of your own contributions and earnings on those contributions (including any outstanding loan balance) or $10,000, whichever is greater, minus any outstanding loan balance. ![]() Your own contributions and earnings on those contributions in the TSP account you’d like to borrow from, not including any outstanding loan balance.The maximum amount you can borrow is the smallest of the following: The minimum amount you can borrow is $1,000. Your primary residence must be purchased in whole or in part by you or your spouse.purchasing a house you’ve already closed on. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |