Frequently Asked Questions
Why did Jensen Huang say plumbers would benefit from the AI boom?
AI data centers require complex liquid cooling systems, industrial piping, and mechanical infrastructure that cannot be built without licensed plumbers. With hundreds of billions of dollars in annual data center construction commitments from major tech companies, and a documented shortage of qualified plumbers, wages in data center markets have risen significantly.
Can a self-employed plumber earning over $100K get a mortgage despite write-offs?
Yes. A bank statement loan qualifies income using actual deposits and a 1099 loan uses gross contractor earnings — neither relies on the write-off-reduced Schedule C net income that causes conventional mortgage denials.
Can a plumber get both a primary home loan and a rental property loan at the same time?
In many cases, yes. A bank statement or 1099 loan can finance a primary residence while a DSCR loan — which qualifies on the rental property’s income independently — can finance an investment property. A Non-QM loan officer should assess both scenarios together.
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
