Incredible Traditional Ira Withdrawal For First Home Purchase Ideas. However, you can get a break if you're. If you qualify as a first home buyer, you can withdraw up to $10,000 from your ira to use as a down payment (or build a home) without having to pay that amount.

You can withdraw up to $10k. You may be able to avoid a penalty if your withdrawal is for:. If it’s your first time purchasing a home, you must use the money within 120 days and you have a pre.








