Does conventional require a two-year work history?
Generally yes — Fannie Mae and Freddie Mac want a stable two-year employment history with documentable income. Same-field job changes are usually fine. School, training, and military service can count toward the two years. Brand-new self-employment usually needs two years of business returns to qualify.
What this actually means.
The two-year rule is a stability check, not a same-employer requirement. Recent same-field job change with a higher salary is rarely an issue. School transcripts, military service records, and training periods count toward the window. Self-employed borrowers typically need two years of personal and business returns. Probationary periods and commission-only positions get extra scrutiny. Subject to Fannie/Freddie selling guides and lender overlays.
Where this can move.
Credit, income type and stability, debt ratio, reserves, automated underwriting findings, and lender overlays can change the answer.
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More conventional questions on Requirements.
Educational only. Conventional loan guidelines, lender overlays, rates, fees, PMI, LLPAs, and underwriting requirements can change. Final eligibility depends on full underwriting review. Mortgage Expert, Inc. is not affiliated with Fannie Mae, Freddie Mac, FHFA, or any government agency.