New FHA Guideline?An agent I know has a listing whose buyer has been told by his lender about an FHA program where if he has a co-signor (like his father) on the loan, and they pay perfectly for 12 months, that the co-signor dad can simply be "dropped off" the mortgage after then. I have heard nothing of this, and cannot dream of why another loan officer would make up something like this if it had no validity. Has anyone head of this? thanksNovember 08 2011 - Nashville00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.