Live in Multifamily

[Kelly Williams]

I am interested in purchasing a multi family unit.  The property has 4 units, and I am wanting to live in one, and rent the others out.  I know this is a common strategy, but my question is regarding financing.  I cannot qualify for a conventional loan for the price of this property.  I also cannot put 20% down.  Seeing as how it will be my primary residence, will a bank give a standard loan taking into consideration rent from the other units?