1 Compute alpha (Î±): Î± = 1 - (confidence level / 100). 2  Find the critical probability (p*): p* = 1 - Î±/2. 3  To express the critical value as a z score, find the z score having a cumulative probability equal to the critical probability (p*). Compute alpha (Î±): Î± = 1 - (confidence level / 100). 2  Find the critical probability (p*): p* = 1 - Î±/2. 3  To express the critical value as a z score, find the z score having a cumulative probability equal to the critical probability (p*).
The 10% minimum down payment on jumbo loans program is becoming increasing popular and gives qualified homebuyers with limited down payment sources an opportunity to purchase higher end homes. The maximum loan size on the 10% minimum down payment on jumbo loans program is capped to a loan size of $750,000.
Currently, Fannie Mae requires a minimum 5% down payment to qualify for a home mortgage loan up to the conforming loan limit of $417,000. Borrowers using conventional financing up to the California high balance loan limit of $625,500 are required to have a 10% down payment.