Letter To The Editor: Tyndall FCU Mortgage Is An 'Astonishingly Bold Move'
Tyndall FCU's program offering a limited number of 30-year, 3.99% APR mortgages for its members to buy a home (CUJ April 9) is an astonishingly bold move to serve moderate-income working class households.
While home prices in Panama City, Florida are modest compared to San Francisco, San Diego or Seattle, the "affordability gap" between local home prices and local wages may be worse than many outsiders realize. I applaud Tyndall FCU's leadership team for strengthening the Panama City community through this program.
Ron Bensley, Jr., Contributor to Bruen's Credit Union Blog at www.cbruen.com/blog