I’ve done this. You can take money out of your IRA once per year and put it back in without any penalty. I did this 7 years ago.
I was building a house and The mortgage company required that I take the money out of my IRA for the mortgage payment each month. I was paying cash for the house but when the mortgage company offered me $10k off the house if I took out a loan, I thought sure, then I would pay it off within a month. Then when they told me I had to pull it out of my ira, I told them it will cost me money so to close the deal, they gave me another $1500 off. I took the money out, took a picture of the withdrawal and the monthly occurrence of future payments, they approved it, I cancelled the monthly withdrawal and put the money back into the ira. No problem.
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