How long you need to be self-employed for a conventional loan, the two-year rule, and exceptions. The 2 Mortgage Guys at Luminate Bank in Kokomo.
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Conventional Loans
Self-Employment History
Most conventional loans look for about two years of self-employment history in the same field. Shorter histories can still work when you have related W-2 experience and strong documentation.
Guidelines start at roughly two years, but related experience can bridge a shorter gap.
These patterns commonly pass conventional underwriting when documents are complete.
Do not assume you must wait — run the file early so you know the realistic timeline.
Sometimes waiting for one more tax year unlocks a much higher purchase price.
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Share your work timeline and last two tax years — we will tell you if conventional is ready now or needs a short wait.