Are there any drawbacks to using a Roth IRA account to fund a downpayment?

everyone's scenario is different, but in general, your better off using other funds than taking money out of a retirement account.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Use other source, if possible.

I would not use retirement funds if you did not need too

This would be last resort for down payment funding.

Money is cheap and investments are growing. Provide you have good credit and your job is stable, I would leave as much invested as possible.

Drawback is generally -- loss of compounded values on your retirement account - which cannot be made up easily.

Always leave your retirement/investment accounts alone if possible. Down payments can be obtained through the use of Gift Funds from a family member, employer, etc. or by saving up yourself......or a combination of both!

You should check with your CPA and Financial Advisor.

Like the others have stated it's better not to touch your retirement account and find funds from other sources for your down payment. Your retirement account should be used once you retire. If possible, get money as a gift or save up for your down payment. There are also low to no down payment options with conventional, FHA and VA loans if you qualify.

Time value of money says don't use your Retirement funds AND in the same vain, if you did use them your house will never make you any money but a retirement invest always will.