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Because I will not be living in the unit myself, it doesn't matter if I am a coborrower on the loan or not, and my employment and income are not taken into consideration.

This doesn't make sense to me. There's always a way. You need to find another lender or mortgage broker.

You should be able to cosign your mom's loan (so the house is in your mom's name only), or you can jointly own the house and jointly owe the mortgage.

I suggest asking on the "Buying a Home" board:

(but to answer the question you asked: Since your mom turns 60 this year, she's eligible to withdraw any amount from the IRA, any time, and is not locked into any withdrawal schedule until she turns 70.5. But of course your custodian may have its own restrictions.)
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