Can I get a mortgage with 1 year self-employment?
Answered by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
Sometimes. Standard guidelines want two years of self-employment, but with a strong prior history in the same field, certain conventional and non-QM programs allow just one year of self-employment.
A one-year bank statement loan is another route. We'll review your prior W-2 work in the same line of business and tell you which one-year-friendly program you can use.
Sometimes, yes
It is possible to get a mortgage with just one year of self-employment. Some conventional loans allow it if your business is strong, profitable, and in the same field as prior work.
The key is showing continuity. If you were a W-2 electrician and now run your own electrical business, one year can be enough.
Loans that skip the two-year rule
Bank statement and 1099 loans often accept a shorter history because they focus on current cash flow rather than a long tax record.
One year of self-employment does not have to stop you. Reach out and we will find the loan that works with your timeline.