Mortgage  Question?
Can You Remove a Co-Signer from a Mortgage?

Can you remove a co-signer from a mortgage?

Michael Jensen
By , Mortgage and Finance Guru
Edited by Harry Jensen

Qualifying for a mortgage on your own can be challenging, especially if you do not make a lot of money or if you have a limited credit history. One potential solution to this issue is to have someone else co-sign the mortgage with you.

In this scenario, the co-signer is technically a co-borrower on the mortgage with you and their income and credit score may help you qualify for the loan or afford a higher mortgage amount. But what happens if you can afford the mortgage on your own in the future, perhaps because your income increases. Is it possible to remove a co-signer from the mortgage?

In short, most lenders do not allow you to remove a borrower from a mortgage. This guideline applies to both the primary borrower and any co-signers on the loan. So if a friend, colleague or relative co-signs a mortgage with you, they are usually on the mortgage until the loan is refinanced or paid off.

You can submit a request to your lender to have co-borrowers removed but these requests are almost always declined, even if the borrowers are co-signers and the primary borrower remains on the mortgage. Lenders prefer to keep the original borrowers on the loan because they believe it provides more security and certainty that the loan will be repaid.

Keeping a co-signer on a mortgage means they may be able to help you pay the loan if you ever find yourself in a financial bind. If they are removed from the mortgage they are no longer legally responsible for loan.

From the lenders standpoint, the more people who are obligated to repay loan, the better. The lender’s primary concern is making sure your loan is repaid in full -- e..g., they get their money back -- and a lender is highly unlikely to do anything that undermines that objective, such as removing a co-signer from a mortgage.

Please note that being a co-signer can affect your credit as well as your ability to qualify for other loans.  If the other borrower misses a mortgage payment or defaults on the loan, those negative events also appear on your credit report. If the issue is significant, your credit scores may drop substantially or you may not be able to qualify for additional loans.

Additionally, when the co-signer applies for another loan, the monthly payment for your mortgage -- plus property tax and insurance -- is included in their debt-to-income ratio, which reduces the loan amount they can afford.  The only way they can exclude the payment when they apply for their own mortgage is if you (the other borrower listed on the mortgage) has made the monthly payments on time and in full for at least one year.  They are required to provide twelve months of documents such as cancelled checks or bank statements that verify that the other borrower -- you in this case -- made the payments.

This is why it is important to carefully consider the potential risks before agreeing to co-sign a mortgage for someone. If the primary borrower does not uphold their responsibility, the consequences for all borrowers on the mortgage can be very negative.

Returning to the original question, usually the only way to remove a co-signer from a mortgage is to refinance the loan.  When you refinance the mortgage, you can remove the co-signer and you are the sole borrower on the new loan or potentially a co-borrower with someone else.  

You can also petition your lender to remove a co-signer but these requests are usually denied, as explained above. That said, it does not hurt to ask your lender and in some cases it may be helpful if the primary borrower has paid the mortgage in full for at least the past twelve months.

Because refinancing is typically the best option to remove a co-signer, we recommend that you contact multiple lenders in the table below to find the best refinance terms.  Shopping for a mortgage on FREEandCLEAR is free, requires no personal information, does not affect your credit and is the best way to save money on your loan.

Current Refinance Mortgage Rates in Ashburn, Virginia as of June 19, 2024
View All Lenders


Rate data provided by Displayed by ICB, a division of Mortgage Research Center, NMLS #1907, Equal Housing Opportunity. Payments do not include taxes, insurance premiums or private mortgage insurance if applicable. Actual payments will be greater with taxes and insurance included. Read through our lender table disclaimer for more information on rates and product details.

Your other option to apply for the mortgage initially as a sole borrower. While it may be helpful to have your parents or someone else as co-borrowers, the mortgage amount you can afford on your own may be higher than you think.

Use ourMORTGAGE QUALIFICATION CALCULATORto determine the loan you can afford based on your income and debt expense

It is important to highlight that if you apply for a mortgage as a sole borrower without your parents or anyone else then the lender does not factor in their income and debt expenses to determine the loan you can afford. This may mean that you qualify for a smaller mortgage amount, depending on your monthly gross income and debt.

On the other hand, if you apply as a sole borrower, the mortgage is only in your name, so the loan does not negatively affect your parents' credit or ability to qualify for loans in the future.


"B2-2-04, Guarantors, Co-Signers, or Non-Occupant Borrowers on the Subject Transaction."  Selling Guide: Fannie Mae Single Family.  Fannie Mae, June 5 2018.  Web.

"B3-6-05, Debts Paid by Others."  Selling Guide: Fannie Mae Single Family.  Fannie Mae, February 5 2020.  Web.

« Return to Q&A Home
About the author
Michael Jensen, Mortgage and Finance Guru

Michael is the co-founder of FREEandCLEAR. Michael possesses extensive knowledge about mortgages and finance and has been writing about mortgages for nearly a decade. His work has been featured in leading national and industry publications. More about Michael

Michael Jensen LinkedInLinkedIn | Email Michael JensenEmail