Five tax years after the first contribution, you can withdraw up to $ 10,000 of your earnings penalty - free to pay for qualified first - time home buyer expenses. (credithuman.com)
Qualified Roth IRA distributions generally are distributions made after the Roth IRA account has been open for at least five years and the owner has reached age 59 1/2, died, became disabled, or is using the distributions for first - time home buyer expenses as defined by the Internal Revenue Code. (usaa.com)
In the event that the property does not pass appraisal and habitability inspection, prior to refund, the cost of this will be deducted (along with any other buyer expense) from the EMD. (vahomeloancenters.org)