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]

MBS RECAP: Sometimes Balance Sheet Expansion is Just Balance Sheet Expansion

Posted To: MBS CommentaryBonds were stronger to start the domestic session after European bonds led a rally late in the overnight hours. Trading was flat during the domestic morning hours. A big miss is the producer price data was overlooked because--well.... producer prices are almost always overlooked when it comes to market movement. When Europe closed for the day, US...
Mortgage Rates Back in Line With Recent Lows

Posted To: Mortgage Rate WatchMortgage rates were slightly lower today despite some volatility in the underlying bond market. Rates have generally been moving lower recently, but the trend of improvement looked like it might have been running into some resistance yesterday. While today's drop isn't big enough to suggest complacency, it does make a case for slightly less defensiveness in...
MBS Day Ahead: 1 Day After Suggesting a New Pattern, Bonds Threaten to Break It

Posted To: MBS CommentaryIn the day just passed, the bond market sold off in rather underwhelming fashion. There was no overt source of pessimism and the pace of movement lacked a sense of urgency. 10yr yields almost made it back into positive territory in the mid-morning hours before moving steadily higher into the afternoon. Fannie 3.0 MBS were actually positive...
Jumbo Credit Access Hits Record High

Posted To: MND NewsWireEase of access to jumbo mortgage loans drove the Mortgage Bankers Association's (MBA's) Mortgage Credit Availability Index higher in September. The Index rose 0.9 percent to 183.4. An increase in the Index indicates that lending standards are easing. The index has four components; the Government MCAI which decreased 0.6 percent and the Conventional MCAI which rose 2.4...
FHFA Seeks Help in Recapitalizing GSEs

Posted To: MND NewsWireWow, maybe they really mean it this time. The Federal Housing Finance Agency (FHFA) has issued a request for proposals from contractors who would develop a "roadmap" for recapitalizing the government sponsored enterprises (GSEs) as a prelude to releasing them from conservatorship . According to the request's statement of work, the contractor will be expected to "provide...
Digital, Correspondent, and Broker Products; HUD, FHA, VA Information

Posted To: Pipeline PressAs Treasury yields head toward the lows of September, and Monday’s bond market holiday, let’s start Tuesday with some “trivia.” Did you know that one of the handful of original Cabinet members who are still in Donald Trump’s Cabinet is Secretary of HUD , Dr. Ben Carson. He has an impressive list of qualifications, and the evidence...

Why a local developer is bringing a grocery store downtown as part of a $28 million redevelopment project

Axis Income Fund plans to spend $27 million to $28 million to redevelop the long-vacant Independent Life building at 233 W Duval St in downtown Jacksonville, President Bryan Greiner told the Business Journal on Tuesday. The company purchased the 19-story, 180,000-square-foot building for $3.7 million last week. The firm expects to turn the building into 140 units of luxury apartments with...
Crane Watch update: Pair of mixed-use projects near completion in downtown San Jose

A pair of mixed-use projects under construction in downtown San Jose that would bring more than 300 residential units to the area are nearing completion, while another could join them before year's end. Construction of a seven-story residential building at 598 S. 1st St. called SparQ is expected to be completed by year's end, but preleasing of units has already begun,...
Crane Watch update: $4B in new construction around Central Ohio in 2019

For the Columbus development community, every season is busy season these days. Crane Watch, our interactive map of development across Central Ohio, shows hundreds of projects underway or wrapping up around the region, and new work continuing in droves. Our map is now tracking close to 300 development projects proposed, underway or recently completed. See the map embedded below or click...
Just ignore the mess: With tight Phoenix inventory, even 'hoarding' houses in demand

Distressed homes, including so-called 'hoarding' houses filled to the ceilings with clutter by prior owners, may help satisfy the demand for affordable housing in metro Phoenix.
Hottest 'Hoods in North Texas: ZIP codes where homes sold the fastest

There are a variety of ways to calculate how hot a residential real estate market is. You can look at how much money homes are selling for. You can compare how much prices have risen over a certain period of time. You can look at how many homes have sold in a certain area, as the Dallas Business Journal did in...
Menlo Park officials nudge Facebook to prioritize housing over office at massive Willow Village project

Menlo Park city officials are pushing Facebook Inc. to prioritize housing over office space at its planned Willow Village campus, the largest development application in city history, the Mercury News reports. Facebook submitted its plans for the massive mixed-use campus in mid-2017. The Willow Village master plan calls for about 1,500 permanent housing units, 15 percent of which would be affordable,...