Frequently Asked Questions

I’m a self-employed carpenter or electrician in Charlotte or Raleigh — can I get a mortgage on my data center income?

Yes. A 1099 loan qualifies your gross contractor earnings and a bank statement loan qualifies your deposits — neither uses your Schedule C net income. Carolinas data center trades workers with 2+ years of self-employment regularly qualify through Non-QM programs.

Why are Charlotte and Raleigh emerging as data center markets, and what does that mean for my income stability?

Both markets benefit from lower land costs than Northern Virginia, strong power infrastructure, a skilled trades workforce, and geographic positioning between major existing hubs. Microsoft, Google, Meta, and co-location providers have all made significant commitments in both markets — providing a durable income runway for licensed tradespeople in the region.

Is the Carolinas housing market a good opportunity for self-employed tradespeople?

Yes. The Carolinas market is earlier in its data center employment density cycle than Northern Virginia or Atlanta — meaning appreciation is likely ahead of its full realization. Home prices remain more accessible than comparable coastal markets, and North Carolina’s tax environment is favorable.

Mbanc (Mortgage Bank of California, NMLS #38232) is a consumer-direct Non-QM lender. This content is for informational purposes only and does not constitute a commitment to lend. All loans subject to credit approval.

Mbanc NMLS #38232 | Equal Housing Opportunity Lender

About the Author

Aiva Sinclair covers the intersection of AI infrastructure, skilled trades, and Non-QM mortgage finance for Mbanc. Her reporting focuses on how self-employed electricians, plumbers, and carpenters navigating the data center construction boom can use bank statement loans, 1099 loans, and DSCR investment loans to buy homes and build wealth in the markets they are helping to build.

Contact: sales@mbanc.com | mbanc.com/non-qm-trades