How do I remove myself from a loan I co-signed?

Hey Janet.. There's a lot more information needed to properly answer your question.. Is there equity or are you underwater?? What type of loan is it?? FHA, VA, USDA, Conventional. FHA, VA, USDA all have some sort of assumption with qualifying.. So with those, you contact your current servicer... for conventional, he would have to refinance in his own name, and to do that, he needs to have equity. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Hi there, if you've co-signed for an FHA Loan, your father can contact your current lender and apply to assume the loan. He will have to qualify for the loan on his own and the good news is, it's very inexpensive and the term doesn't have to be 'redone"...he would take over the existing balance and payments. If you have a Conventional Loan, then refinancing is going to be the only option.

Since you qualified jointly for the existing mortgage, your father would have to be able to income qualify regardless if it were an assumption or refinance. Speak with a local mortgage banker to discuss your options as it relates to the underlying motive as to why you want to be removed from the mortgage.