What would happen to your home mortgage loan in this case?

Say if me and a co-buyer buy a home together (both first-time home buyers), and get a conventional loan from a bank. If later, one of us wants to take our name down the title, would that be allowed? Would the bank re-acess the other person’s credit and issue a new loan to them? What would happen if that person’s credit is not enough to pay for the whole house?

Should I go straight to the lender or go through a loan agent? What are the traps I should be careful about before I put pen to paper? Which option from your experience and knowledge is better( FHA or Conventional)?

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