Using an Individual Retirement Account (IRA) to purchase a home is primarily enabled by the , which allows you to withdraw up to $10,000 penalty-free before age 59½. The First-Time Homebuyer Exception
Funds must be used for "qualified acquisition costs," which include the down payment, closing costs, and expenses for building or rebuilding a home. using ira to buy home
There is a $10,000 lifetime limit per individual. Using an Individual Retirement Account (IRA) to purchase
While the name implies a one-time use, the IRS defines a "first-time homebuyer" as anyone who has not owned a primary residence at any point during the ending on the date of the new home acquisition. " which include the down payment