Quote from @Paige Seeley: @Jay Hurst even with 20% down, what non conventional options are you talking about? 

As others have suggested, you could get a conventional or FHA loan if you want lower down payment options.

Yes you can use commission as sourced funds for down payment on a conventional loan.However some lenders have internal overlays that don't allow it.

Account Closed said, income and assets are the only "hassle" with a conventional loan.

If you close with a conventional loan, it will need to be in your personal name.

There are builder loans for properties that need rehabbed as well.And if at all possible try to get a conventional lender first as your interest rate and closing costs will be a lot cheaper.

You can use FHA with 3.5% down or Conventional with 5% down for a property liek this. 

Did you purchase this with a conventional loan? 

There's also the conventional loan program CHOICERenovation by Freddie Mac.

My credit should be the highest allowable also and I shouldn't have problems with approval.Ok, i shopped about 80 lenders (based on Fridays rates, market is closed so no live pricing)Conventional Full Doc loan you would be at 7.875% if you put 20% down (you said what the house was worth, but not your purchase price).