It is possible, but rare, and your servicer holds all the cards. The mechanism is usually called a qualifying exception: the servicer agrees to release one borrower and keep the existing loan in place for the other. Whether that option exists depends on the loan type and on whether your servicer will entertain the request at all, because they are not required to. The remaining borrower has to document that they can carry the payment on their own income, essentially re-qualifying solo. We have seen it work. One caller removed a co-borrower through a divorce-related qualifying exception, and the documentation took roughly three and a half months. So the path exists, but it is slow and never guaranteed. A refinance is often the cleaner route because it fully re-underwrites the loan in the remaining borrower's name and leaves a clean note and title. When a refinance does not pencil, or you want to keep the existing rate and terms, call your servicer and ask specifically about a qualifying exception or an assumption for your loan type, and be ready for a paperwork-heavy process. Divorce and the death of a co-borrower are the situations where servicers are most willing to consider it, so lead with the circumstance when you call.