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.
What is a 30 Year Fixed Rate Jumbo Mortgage Loan? As the name implies, a jumbo mortgage loan is one that is bigger than a normal mortgage loan. Specifically, a jumbo loan is one where the originating principal balance exceeds the amount of a conventional conforming mortgage loan. Conforming loan limits are set by the Government Sponsored Enterprises (GSE), Fannie Mae (FNMA) and Freddie Mac (FHLMC).