Frequently Asked Questions
Iâm a self-employed electrician working on the Intel fab in Ohio â can I get a mortgage on my elevated fab income?
Yes. A bank statement loan qualifies on your actual deposits, and a 1099 loan qualifies on your gross contractor earnings â neither uses your Schedule C net income. Self-employed trades workers on CHIPS Act fab projects regularly qualify through Non-QM programs.
How does my semiconductor fab construction income compare to standard commercial work for mortgage qualification?
The income is typically higher (premium rates for precision work), which improves Non-QM mortgage qualification. The 1099 structure is the same, and the bank statement program reads the elevated deposits the same way regardless of the project type. Higher gross income means higher qualifying income on a Non-QM loan.
Where should I look to buy a home near the Intel fab in Ohio?
Westerville, Gahanna, and Pataskala offer the best combination of school quality, proximity to the New Albany campus corridor, and accessible price points. Heath and Granville in Licking County are directly adjacent to the Intel site and offer the strongest DSCR rental investment opportunities in the region.
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.
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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