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]

New Home Sales End Three-Month Winning Streak, Still Up from 2018

Posted To: MND NewsWireAfter three straight months of gains, April's new home sales were expected to give back a little and they did. The U.S. Census Bureau said sales of newly constructed homes were at a seasonally adjusted annual rate of 673,000 units, a 6.9 percent decline from March. The retrenchment was made even more likely by a significant upside...
MBS Day Ahead: And Now We're Trendless

Posted To: MBS CommentaryIn the day just passed, bonds rallied somewhat sharply as headlines suggested Theresa May was soon to be ousted as Britain's prime minister. Is it possible that other headlines regarding American politics were having an effect? Maybe to a very small extent, but the lion's share of the movement was a British/European affair. In the day ahead,...
MBS RECAP: Brexit Bond Benefits Are Apparently Eternal

Posted To: MBS CommentaryLast we checked, it was going to be October before Brexit had its next hard deadline. So it was quite the back burner sort of market mover this week--especially in light of all the recent trade-related drama and other domestic political sideshows. But then this happened . US Treasuries love to react to "stuff" that happens in...
Construction, Subservicer, Reverse Products; Technology Options Report

Posted To: Pipeline PressAs millions around the globe revel in World Turtle Day, others are more interested about what went on the hallway chatter at the MBA’s Secondary Conference as we see the low rates of 2019. How a few of the big banks (Wells, Chase, Flagstar, to name a few) saw their residential mortgage profit rebound dramatically in the...
Calabria Says Let Fannie/Freddie Make More Profit

Posted To: MND NewsWireIf you stuffed the old certificates in your sock drawer ten years ago, it may be time to dig them out. Mark Calabria, the new director of the Federal Housing Finance Agency (FHFA) says Fannie Mae and Freddie Mac common stock might be worth something after all. Bloomberg reports that Calabria told an audience in New York...
UI Urges CFPB, Don't Limit Access to Loan Information

Posted To: MND NewsWireThe Urban Institute (UI) is urging the Consumer Financial Protection Bureau (CFPB) to rethink its plans for Home Mortgage Disclosure Act (HMDA) reporting. The HMDA, passed in 1975, requires many financial institutions to maintain, report, and publicly disclose loan-level information about mortgages. According to CFPB, the data "help show whether lenders are serving the housing needs of...

Abodo raises $3.6M to scale apartment listing technology platform

Madison-based Abodo has raised more than $10 million since its 2012 inception.
(Photos) NC house once featured on 'Hoarders' can't be B&B, city board says

The city of Greensboro's Zoning Commission has turned down a request to turn a local home once featured on the TV show "Hoarders" into a tourist home or bed and breakfast. The Greensboro News & Record reports that on Monday, the commission voted 4 to 3 to deny a request from Michael and Eric Fuko-Rizzo to rent rooms at the mansion...
Tennessee investor drops $17M on Louisville development, plans rebrand

This is the second acquisition in Louisville for the company, which entered the market last year.
PBJ Cribs: Phoenix restaurateur remodels cool $1.2M Arcadia home

Jon Wright, co-founder and president of Riot Hospitality Group, completely reworked his new Arcadia home — that he shares with his Goldendoodle Nugget. Check out exclusive photos and a video tour of the residence.
On the market: The most expensive homes in Ladue

This week’s on the market takes a look at the some of the most expensive homes for sale in Ladue. The 63124 ZIP code, which includes Ladue, is the priciest ZIP code in the St. Louis region. In 2018, the 63124 ZIP code had 169 home sales, with an average sale price of $858,125. Homes were on the market an...
Flashback: 20 teardowns, fix-ups and flips in King County (Photos)

A tiny, 79-year-old house in Tukwila sold in January 2017 for $205,000 to an investor who fixed it up and listed it for just under $300,000. Last spring it sold for $340,000. Similar stories played out across South King County in 2018, where homebuilders and first-time buyers competed against flippers for bargains and the proverbial diamond in the rough. As thousands of frustrated...