Your closing attorney should be able to explain your options if your real estate agent can’t offer alternatives.

While 8% is pretty hard to come by for the average person, there are plenty of other options in the 2-3% cashback range for all purchases.

yes, @Erwin Groenendijk:, I think banks are not as easy to convince for these sort of operations for individuals, but I want to explore all options like using partners (individuals that could and are willing to apply for mortgages) and other posibilities but using my company or creating one is not out of my options.I am not sure there is any current meet ups in Madrid, I have searched and not found much, I will keep searching... good to hear in Barcelona you have monthly meet ups.

There are minimal down payment options available to first time home buyers with grants and down payment assistance on primary residence transaction. 

Do you have downpayment money ready to invest when you find the right option? 

There are options for you there, but obviously nothing is guaranteed.

Bankruptcy is not a viable option in our scenario and we don't want to stop the process.

What's the best option with low DP then the traditional 20%.. lastly of you have a awesome lender who is creative and can make it happen, please share contact Info. thanks 

One other option, if you haven't tried this already, is to see if you can contact their Customer Service to see if they will make an exception.Here's an alternative way of thinking (probably not helpful) - do you think the automation is worth more than $120/month?  

I recently changed dwelling policies to State Farm and they include “Roof Surf Loss Settlement - ACV” in the forms, options, and endorsements section.