Frequently Asked Questions

I’m a self-employed master plumber or electrician in Chicago — can I get a mortgage on my data center income?

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

I work the Elk Grove Village data center corridor — what Chicago suburbs are best for me to buy in?

Schaumburg, Elk Grove Village, Roselle, Bloomingdale, and Carol Stream offer the best combination of proximity to data center campuses, strong schools, and accessible home prices. St. Charles and Geneva in Kane County offer newer construction slightly further west.

How do Illinois property taxes affect my mortgage qualification?

Illinois has some of the highest property tax rates nationally — often 2.5–3% or more of assessed value in Cook and DuPage Counties. Property taxes are included in the monthly PITIA calculation that affects your DSCR on investment properties and your overall housing cost ratio. Factor actual local tax rates into your affordability analysis.

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