Is there a way to use a conventional mortgage with no money down?

[Blake Dailey]

I am looking to use a partner to purchase a property in Tennessee. The down payment would be more than we could pull together. I heard of a strategy of submitting an offer for more than you and the seller both agree to separately, so that the bank will finance 80% (what you and the seller actually agreed to) that way you put no money down and the seller gets their price. Any thoughts on this or other strategies for no money down financing?