I would suggest combining everything into 1 401K account then you can borrow up to $50,000 or 50% of 401K, for downpayment on house without penalty. The crux for you may be if you change jobs often, and it appears you may, then you will get hit with the tax and penalty when it changes to a distribution, if you don’t pay it back within 60 days upon leaving job. If you are young and do have savings now would be a good time to convert to a ROTH IRA, because as everyone with a brain knows, taxes are going up in the very near future. The government has to raise taxes or allow inflation(hidden tax), or more likely both. Never mind, just noticed you don’t have 401K with current employer.