Financing with a partner

[Kahner Delchambre]

Hello,

I have a question about applying for a mortgage with a partner, and I was hoping to gain some insight. The plan was to apply for a conventional mortgage with a partner, but was wondering if the partner plans on living in the property as a primary residence, would we qualify for a low down payment loan? Even if the property would not be my primary residence, only his, yet we would both be on the mortgage. The property would be a multi-family and he would live in one of the units while the others would be rented. Just wondering if anyone knows or has tried this in the past? Was planning on running this past a lender but,didn’t want to sound too foolish, so figured I get some insight before hand.

Thanks guys