The Armstrong Mortgage Company

SERVING THE REAL ESTATE INDUSTRY OVER 40 YEARS

Testimonials

"Armstrong Mortgage maintains a working expertise of the standards of the industry, and adds the personal dedication that simplifies what can be a tedious process elsewhere.“

Christine S. Collins

Director of Development

Fairfield Homes, Inc.

"Armstrong Mortgage has not only provided me with top notch service over the years, but they have also treated me like family. The staff is very knowledgeable and professional, but they will also treat you as a friend. Our most recent refinance literally would not have happened if it were not for the staff at Armstrong Mortgage and their willingness to go above and beyond."

Wexford Inc.

Walter T. Krumm III - Principal

Welcome

ARMSTRONG MORTGAGE COMPANY is a full service Mortgage Banking firm, founded in 1971. Armstrong provides mortgage services for its clients, such as Multifamily Owners and Developers, Commercial Property Owners and Developers as well as Healthcare Developers and Owners. A major business emphasis is on the construction and permanent financing of new Apartment and Healthcare facilities such as Assisted Living and Nursing Home projects. In addition, we provide financing of existing Apartment and Commercial properties, including Industrial/Warehouse, Office and Retail.

FHA LENDING PROGRAM

As the mortgage insurance provider of HUD, FHA will insure mortgages to finance the acquisition, new construction, substantial rehabilitation and refinance of multifamily and healthcare properties nationwide.

GSE LENDING PROGRAM

A core component of GSE Lending's mission is to support the U.S. multifamily housing market to help serve the nation’s rental housing needs, focusing on low- to middle-income households and communities.

COMMERCIAL LENDING PROGRAMS

Armstrong Mortgage Company clients can rely on a broad selection of commercial real estate financial services. In addition to being an approved lender for HUD-FHA Multifamily Health Care and Senior Retirement Housing...

The Armstrong Mortgage Company

1225 Dublin Road
Columbus, OH 43215

Phone: (614) 481-8383
Fax: (614) 481-8833
[email protected]

Are Lenders Anticipating a Slowdown? Available Credit Falls 3.9 Percent

Posted To: MND NewsWireThe Mortgage Bankers Association (MBA) says its Mortgage Credit Availability Index (MCAI) suffered its largest decline in eight months in August. The Index fell 3.9 percent to 181.7, MBA says this indicates that credit is tightening. The MBA announcement comes on the heels of Fannie Mae's release of its third quarter Lenders' Sentiment Survey in which there...
MBS Day Ahead: Bonds Get First Opportunity to Reverse Curse After ECB

Posted To: MBS CommentaryIn the day just passed, the recent bond market selling-spree showed its first serious signs of leveling off since it began one week ago. This wasn't as triumphant is it sounds, however. Treasuries were unwilling to follow European bond yields lower in the early morning hours. Furthermore, after the very decent 10yr Treasury auction at 1pm, bonds...
MBS RECAP: Bond Correction Takes The Day Off

Posted To: MBS CommentaryBond traders took a break from their newfound hobby of the past 5 business days: relentlessly selling bonds . Maybe they want to branch out and try new things. Maybe they were just a little tired of all the selling. Or maybe they had hit their pre-ECB selling goals just a bit early. Tomorrow's European Central Bank...
Mortgage Steady at Recent Highs

Posted To: Mortgage Rate WatchMortgage rates were roughly unchanged today for the average lender as underlying bond markets finally calmed down. Over the past few days, bond yields have been rising quickly, effectively correcting from the lowest levels in more than 3 years. The same is true for mortgage rates with the average conventional 30yr fixed quote hitting 1-month highs...
Capital Markets Products; Training and Events, Some Today; Stearns' Rumblings

Posted To: Pipeline PressI apologize in advance for the length of today’s commentary, but there’s a lot going on! Ask any economist if rent control works, and they’ll say, “No.” But that didn’t stop California’s Assembly from voting in state-wide rent control which the Governor is expected to sign. In terms of pure supply and demand, wanna buy a church...
Fraud Risk Decreases on a Wave of Refi Activity

Posted To: MND NewsWireMortgage application fraud declined in the second quarter of this year. CoreLogic's report on the incidence says that one out of every 123 mortgage applications submitted during the quarter (0.81 percent) had a fraudulent component compared to one in 109 (0.92 percent) in the second quarter of 2018. This is a decline of 11.4 percent. The company...

Toll Brothers acquires land for senior community in South Florida

This project will have over 400 homes.
Two mega deals close at new Fisher Island condo

In one of the deals, a penthouse traded for over $22 million.
Top of the List: Busiest Triad Home Builders

This week, Triad Business Journal features the region's busiest home builders, ranked by number of Triad closings in 2018. Here are the top five: D.R. Horton Inc., 424 Triad closings in 2018 Keystone Group Inc., dba Keystone Homes, 294 Triad closings in 2018 Shugart Enterprises LLC, 276 Triad closings in 2018 True Homes, 247 Triad closings in 2018 Windsor Homes, 234 Triad closings in 2018 The full...
Guest opinion: State rent control will hit small rental owners hardest

Californians need to brace for higher rental costs in 2020. Our cost of living is one of the highest in the country and legislators are poised to pass legislation that would increase the costs of rents while exacerbating the housing crisis. Behind closed doors, state leaders made a deal with large corporate interests to pass a statewide rent control and just...
Vestcor closes on Cathedral District property

The Vestcor Companies are readying another downtown site for development.
On the market: The most expensive homes in Frontenac

This week’s "on the market" takes a look at some of the most expensive homes currently for sale in Frontenac. The homes featured this week are located in the 63131 ZIP code, which includes Frontenac. In the first half of 2019, the 63131 ZIP code had 228 home sales, with a median sale price of $563,438. The median days on...