: 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 can use your $10,000 lifetime limit to help a child, grandchild, or parent buy their first home, even if you already own one. can i borrow from my ira to buy a home
: Married couples can each withdraw $10,000 from their separate IRAs, totaling $20,000 for the same home purchase. Key Withdrawal Rules : Withdraw up to $10,000 penalty-free (waiving the
: 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 : Withdraw up to $10