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.
The higher limits were put in as an emergency measure in 2008 and were supposed to last one year but were allowed to continue because of the lack of private loans. Borrowers who need a loan of more than $625,500 will have to get a jumbo loan, which typically requires a down payment of at least 20 percent. FHA loans are not only a little more flexible in terms of their qualification guidelines, but, more important for many people, they require a down payment of just 3.5 percent.