: You must use the funds for "qualified acquisition costs" (like a down payment or closing costs) within 120 days of the withdrawal. IRA withdrawal rules explained - Vanguard
: You qualify as a "first-time" buyer if you (and your spouse) haven't owned a primary residence in the last two years . can i borrow from my ira to buy a home
: Withdraw up to $10,000 penalty-free (waiving the 10% early withdrawal fee), but you must still pay regular income tax on the amount. : You must use the funds for "qualified
While you cannot technically "borrow" from an IRA (unlike a 401(k)), you can use a specific tax-free withdrawal strategy often called the . The "First-Time" Loopholes can i borrow from my ira to buy a home