Possibly. Two years of tax returns in the same line of work is the standard across FHA, Fannie, and Freddie; one full year on your most recent return is the exception, and it only works with documented prior experience in the same field. A few things to understand about how underwriters read a new business: - The income that counts is the net, after business expenses, averaged over the documented period. Top-line revenue impresses nobody. - Continuity is your best friend. Self-employed in the same work you did as a W-2 employee makes the one-year exception realistic. We have qualified borrowers with about a year and a half in business and one full year of returns. - There are legitimate workarounds inside the guidelines. On a file where the LLC started partway through the year, we averaged the actual months of income across a full twelve to satisfy a one-year requirement. - VA tends to be the most flexible with short self-employment histories. We have closed a VA loan on roughly seven months of self-employment. The honest answer is that new-self-employment files live and die on the details: what you actually filed, how the income trends, and whether the story hangs together. Two years is the safer, cleaner path; one year is a case-by-case exception, never the default. The best next step is having someone look at your returns and business timeline directly. That is exactly what the free Roadmap conversation is for, about 20 minutes where we run your real numbers and tell you whether it works today, and what is missing if it does not.