My wife and I are beginning to save for our first house and I had a question about saving for a down payment. What is the best option in saving for a house? Traditional savings account, IRA, or other? I was thinking an IRA option, but I'm still learning the financial game. I know with a traditional IRA you can withdraw up to $10,000 without penalty as a first time home buyer; however, I'm unsure if there is a limit for the Roth IRA. Every place I read just stated you can withdraw from a Roth IRA without penalty for first time home buying. On a plus side, my family is in good condition right now because we live, in essence, rent free due to my military commitments. Also, we have more than enough money in savings and a decent retirement nestegg for our ages. Any help is greatly appreciated.