Can You Get a Mortgage After Only One Year of Self-Employment?

The short answer

Maybe, yes. Many loans like to see two years of self-employment history, but there are exceptions, especially if you worked in the same field before going out on your own.

How lenders look at it

• Prior experience counts. If you did similar work as an employee, some programs treat that as a bridge.
• Documentation matters. Tax returns, a profit and loss statement and bank statements all tell the story.
• Stability is the goal. Lenders want to see income that is steady or growing.

Options to explore

Depending on your file, we may look at conventional exceptions, bank statement programs that use deposits instead of tax returns, or waiting a few months to strengthen your file. Sometimes the smartest move is a short plan, not a rushed application.

Frequently asked questions

Do write-offs hurt my chances?

They can, because many programs qualify on net income after deductions. Bank statement and other alternative documentation programs may help. Ask before you file anything new.

Call (469) 414-5554 and we will map out your best path.

By Kelly Welton, Mortgage Broker (NMLS #314183), Mohave Mortgage Texas Branch. Mohave Mortgage NMLS #1830581 · Texas Branch NMLS #2690682 · Equal Housing Opportunity. General information only, not a commitment to lend or financial advice. Programs, rates and guidelines vary and change.