Frequently Asked Questions

I’m working on Project Stargate as a self-employed electrician — can I get a mortgage?

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

What is Project Stargate and why should I consider working in Abilene, Texas?

Project Stargate is a joint venture between OpenAI, Oracle, and SoftBank committing $500 billion through 2028 to build AI data center infrastructure. The first major construction site is Abilene, Texas. The project creates significant demand for licensed electricians, plumbers, and carpenters at premium rates — with a construction runway that extends years into the future.

Is Abilene, Texas a good place for trades workers to buy a home?

Yes. Abilene’s housing costs are dramatically lower than DFW, Austin, or coastal markets where comparable data center construction wages are paid. No Texas state income tax, low property taxes, and Project Stargate’s long-term construction commitment create a compelling combination for self-employed tradespeople.

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