Need some advice regarding Traditional IRA withdrawal to put it as part of a downpayment for a home. This home would be our primary residence. Do we get penalized for withdrawing this money towards the purchase of a home?

Thank you in advance for a prompt reply. 


CYQ, Thank you for your post; however for your privacy and protection out best recommendation at this time is to contact our IRA representative at 210-531-8722 so that they can review your information and profile and provide the most accurate reply for your specific circumstance. Thank you ~Michelle