There is/was a moratorium on homes with federally backed loans, but there were also certain cities/states that created their own rules.

@Cynthia Ortiz I recommend you connect with @Jason Wray from the Federal Savings Bank.

Some areas of law are so pervasively regulated by federal law, that federal statutes supersede state law and local statues only apply where federal law is silent or, maybe, completely local (federal preemption).

@Cody Campbell Sorry I meant is that number after you paid your state (if applicable) and federal income tax?

One thing to watch out for is that if you borrow, the earnings attributed to that borrowing is taxable right away (because it's not earned on the money you invested in the IRA/401k).Disclaimer: Research all this yourself.

You run more risk from your employer than any federal laws.

Doing so would not be a taxable event, but comes with it's own host of caveats and cons, which may or may not work for you depending on your risk tolerance and/or market outlook.Generally I advise against liquidating investment portfolios and retirement accounts to purchase real estate as the tax hit can be, and often is, egregious. 

Her taxable income will be close to $400,000 which we are hoping to put nearly 90% away for retirement.

Ordinarily, Sec. 469(g) allows a taxpayer to deduct any suspended passive losses attributable to an activity when substantially all of the activity is sold in a fully taxable transaction.

Minnesota has: -in-land sea port, -Federal Reserve, -agriculture main hub, -financial main hub, -insurance industry hub, -medical industry main hub, -major military manufacturing hub and on and on and on and on.