Living at home reduces the estimated cost of attendance, which reduces your financial need. You will be classified as a dependent, and only qualify for $23,000 in federal loans.
Living at home does not disqualify you from getting Stafford loans. They are not need-based.
Living at home can disqualify you from getting Perkins loans. These loans are need-based and are only awarded to the most needy students.
Living at home makes it more difficult to declare yourself an independent student, even if you pay rent to your parents. Independent students are generally eligible for more student loans than dependent students. Independent students can get a maximum of $46,000 in loans.