Funds must be used for "qualified acquisition costs," which include the down payment, closing costs, and expenses for building or rebuilding a home.
If both spouses qualify as first-time homebuyers and have their own IRAs, they can each withdraw $10,000, for a combined total of $20,000 . using ira to buy home
There is a $10,000 lifetime limit per individual. Funds must be used for "qualified acquisition costs,"
The tax treatment of your withdrawal depends heavily on the type of account you hold. Can you use money from your IRA to buy a house? - Bankrate " which include the down payment
