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Can - I Use My Annuity To Buy A HouseThe IRS offers a specific "penalty-free" exception for certain retirement funds. Loans typically avoid immediate taxes and surrender charges as long as they are repaid on time. 3. Using Annuity as Collateral can i use my annuity to buy a house Some providers allow you to borrow against your own contract value. The IRS offers a specific "penalty-free" exception for If held in a retirement plan, you may borrow up to $50,000 or 50% of the balance (whichever is less). you may borrow up to $50 |