My parents are in the mid-seventies, and are retired. They have some money in their IRA account and have offered to help me purchase a condominium unit. There are a number of ways your parents can assist with the purchase of your home. However, before you start down this road, make sure your parents consult their own financial advisors and their own attorney so there will be no adverse impact on their tax situation or estate plan. Also, your parents should confirm that they have the right to use their IRA funds to assist with your real estate purchase.
Some pension plans have restrictions on the use of pension funds.
Also, if you have brothers or sisters, discuss any plan with them before it is implemented. You do not want to create a sibling rivalry situation. Once these formalities have been resolved, here are some suggestions. Your parents can lend you the entire purchase price, and you will take title to the condominium in your name only. You will sign a promissory note, agreeing to repay this money over an agreed upon period of time.