When you’re exploring home financing options and you keep coming across terms like “non-QM” or “Home 100,” you’re right to pause and figure out what they mean. At Best Option Mortgage — a DBA of ML Mortgage Corp. (NMLS No. 362312) — we understand that every buyer’s situation is unique. With market dynamics shifting, choosing a mortgage program that aligns with your needs is more critical than ever.
In this article, we dig into why the current housing market and mortgage rate climate are driving increased interest in non-QM mortgage programs (including our “Home 100” solution) and how you can benefit. We also explore how Best Option Mortgage’s offerings compare to conventional loans — and why flexibility might matter more in this environment.
1. What’s Going On in the Housing Market Right Now?
Recent insights from Keeping Current Matters show that homebuyers today are primarily concerned about affordability, with a specific focus on stabilizing home prices and easing mortgage rates.
Prices Are Moderating
Home-price growth has slowed significantly. While still rising, the increase is far more predictable compared to the dramatic surges of recent years.
Rates Are Easing
Mortgage interest rates have pulled back from their highs. Even small decreases can unlock thousands in potential savings over the life of a loan.
Why That Matters
With affordability front and center for most buyers, now is a prime time to evaluate options like non-QM mortgage programs and the Home 100 program from Best Option Mortgage that support lower upfront costs and flexible income evaluation.
2. What Is a Non-QM Mortgage Program?
A non-QM (non-qualified mortgage) loan is a type of mortgage that does not conform to the Consumer Financial Protection Bureau's (CFPB) standard "qualified mortgage" rules. These loans are designed for borrowers who don’t fit into the traditional lending box.
Who Are They For?
Self-employed individuals with fluctuating income
Freelancers and gig workers
Real estate investors or buyers with complex portfolios
Borrowers with high assets but unconventional income
Best Option Mortgage Non-QM Highlights
Bank statement loans
Asset-based underwriting
Expanded debt-to-income ratios
No income verification in some investor scenarios
3. Introducing the Home 100 Program
The Home 100 program is one of the most popular offerings from Best Option Mortgage. It's ideal for borrowers seeking 100% financing with no down payment required (in eligible cases).
Features:
Up to 100% financing
Minimal or no mortgage insurance
Flexible credit score guidelines
Seller concessions allowed
This product opens doors for first-time homebuyers, buyers with limited savings, and even experienced homeowners looking to relocate or upgrade.
4. The Benefits of Flexibility in Today’s Market
As the market shows signs of easing, flexible mortgage solutions become critical. Here’s why:
Easier qualification: Especially for those who are self-employed or have recent credit events.
Quicker closings: Streamlined underwriting makes it faster to move from pre-approval to keys-in-hand.
More buying power: Lower down payments and customized terms let you stretch your budget without added risk.
Whether you're looking for investment property financing or an owner-occupied loan, Best Option Mortgage can structure your loan to fit.
5. Real Buyer Scenarios That Benefit from Non-QM
Here are some common profiles we help every day:
Case 1: The Self-Employed Entrepreneur
Sara owns a consulting business. Her income is strong, but she writes off expenses, which lowers her reported income on taxes. Our bank statement program let us use her deposits as income instead.
Case 2: The Commissioned Salesperson
Jon works on 100% commission and recently switched companies. He couldn’t qualify conventionally, but with our non-QM solution, we used his trailing 12-month average income.
Case 3: The Asset-Rich Investor
Mary has over $500,000 in retirement and savings accounts but no W2 income. With our asset depletion loan, she qualified easily.
6. How to Qualify for Non-QM or Home 100
While requirements vary by program, here are the general criteria:
Non-QM:
620+ FICO score
10-20% down (can be gifted)
Alternative income documentation (e.g., 12-24 months bank statements)
Strong asset reserves preferred
Home 100:
640+ credit score (some exceptions)
Stable income (W2 or 1099)
Zero or low down payment
Owner-occupied primary residence
Have questions? Reach out via our Contact Us page to speak with a licensed loan officer.
7. Step-by-Step: Your Mortgage Journey with Best Option Mortgage
Step 1: Discovery Call
You’ll chat with one of our knowledgeable loan specialists to understand your needs.
Step 2: Program Matching
We’ll evaluate which loan fits you best — conventional, non-QM, or Home 100.
Step 3: Pre-Approval
Gather your docs and get conditionally approved so you can shop with confidence.
Step 4: Appraisal + Underwriting
We coordinate appraisal and move your file through underwriting with proactive communication.
Step 5: Close!
You review final numbers, sign your loan, and get the keys to your new home.
Our team is with you every step of the way. Visit ybomg.com for more.
Frequently Asked Questions
What is a non-QM mortgage program?
It’s a flexible loan option for buyers who don’t meet conventional lending guidelines, like freelancers, investors, and self-employed borrowers.
Is Home 100 a zero-down loan?
Yes, in many cases! Home 100 offers up to 100% financing for qualified borrowers. Contact us here to check your eligibility.
Are non-QM loans riskier?
Not necessarily. They’re just structured differently. Best Option Mortgage offers safe, compliant non-QM options vetted by expert underwriters.
Can I refinance a non-QM loan later?
Yes. Many borrowers use non-QM loans to buy now, then refinance into a conventional loan when circumstances change.
What credit score is needed?
Most programs require at least a 620 FICO, though exceptions exist.
Do I need a lot of savings?
Not always. Programs like Home 100 are built for buyers with minimal cash to close.
Is income verification flexible?
Yes. We use bank statements, asset depletion, or even rental income analysis depending on the program.
9. Final Thoughts: Why Now Is the Time to Act
Market conditions are shifting. Rates are softening. Prices are stabilizing. If you wait, you might miss the window of affordability.
With programs like non-QM mortgages and Home 100, Best Option Mortgage empowers you to act now without waiting for perfect conditions.
10. Let’s Talk — Your Best Option Awaits
Whether you're a first-time buyer, investor, or self-employed entrepreneur, our team is ready to guide you home.
Contact us today to schedule your free mortgage consultation.
Let’s explore the flexible, affordable, and smart mortgage options that make your goals achievable — with Best Option Mortgage, your best option in any market.
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Best Option Mortgage is a DBA of ML Mortgage Corp. ML Mortgage Corp. is a state-licensed mortgage lender, NMLS ID #362312, licensed by the CA Department of Financial Protection and Innovation under the Finance Lenders Law, License #60DBO69831. For other states, visit www.mlmortgage.net. To verify licenses, visit www.nmlsconsumeraccess.org. All loans are subject to credit approval and acceptable collateral. Additional terms and conditions apply. Programs, rates, terms, and conditions may change without notice. Not all programs are available in all states. There is no guarantee that all borrowers will qualify. Restrictions may apply. This is not a commitment to lend. © 2025 ML Mortgage Corp. All rights reserved.