Frequently Asked Questions
I’m a self-employed electrician working on Project Stargate in Texas — how do I qualify for a mortgage on my income?
A 1099 loan qualifies your gross Stargate contractor earnings directly — no expense ratio, no Schedule C. A bank statement loan qualifies on your actual deposits. Either product reads your real income rather than your tax return. With 2+ years of self-employment and 620+ credit, you qualify.
What is Project Stargate and why does it pay higher rates than my standard data center work?
Project Stargate is a $500 billion joint venture between OpenAI, Oracle, SoftBank, and Microsoft to build AI data center infrastructure across the United States. It pays higher rates because it requires specialty certifications, operates on urgent timelines, and is being built in markets like Abilene where the local licensed workforce is limited relative to demand.
Is Abilene, Texas a good place for me to buy a home or rental property as a Project Stargate trades worker?
Yes — particularly for DSCR rental investment. Abilene’s home prices ($200,000–$240,000 median) are dramatically lower relative to Stargate worker incomes than any other major data center market. Rent-to-price ratios in Abilene produce DSCR ratios at or above 1.0 on standard properties — rare in any data center-adjacent market.
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