How do conventional loans work in a partnership?

[JD Barrera]

I was wondering how conventional loans work when in a partnership. My partner and I both have good paying W2 jobs so theoretically, we should be able to get 20x (10x each) conventional loans. However, talking with a loan officer in the area, he said that if both my partner and I are on the title of the property then a loan would we be taken out in both our names and count against both of us (thus limiting the 20x down to 10x).

I have heard on podcasts of partners each utilizing there maximum allowed conventional loans. How do you all do this? Does one partner put the title + loan under his/her name and the partnership agreement state this is 50/50 (or whatever the split)?