My thesis is that there are a lot of people that either can't qualify for a mortgage, can't save up enough money for a reasonable down payment, qualify for a mo

My thesis is that there are a lot of people that either can't qualify for a mortgage, can't save up enough money for a reasonable down payment, qualify for a mortgage that they can't reasonably afford, etc. On a 300k house, the difference between 5% and 20% down results in around a 400 dollar difference per month in a mortgage payment. That can be a pretty big difference maker for a lot of families. 5% down on a house like that is also 15k. That's a significant amount of money to save for a lot of families. There are other relevant factors here as well, but this is certainly a significant one.