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: 4 Year Prophecy Fulfilled; Now What?

Posted To: MBS Commentary10yr yields were as low as 1.24% and ended the day at 1.27% after a decent amount of volatility. MBS gained almost a quarter point, but mortgage lenders did not generally improve rate sheets by that much (and some not at all). Back in the day (but not too far...), it was hard not to notice that...
MBS Day Ahead: Don't Expect Mortgage Rates to be Thrilled

Posted To: MBS CommentaryGood morning. 10yr yields are in the 1.2's. All-time lows. We follow MBS and the 10yr Treasury yield (and other rates, when relevant) here. The focus is on the 10yr for THESE REASONS . Today will be "interesting" then, because mortgage rates aren't going to do what the 10yr is suggesting. I've broken this down before in...
Lowest Rates in 8 Years, But All Kinds of Disclaimers

Posted To: Mortgage Rate WatchMortgage rates hit the lowest levels in 8 years either today or yesterday, depending on the lender, just narrowly edging out the rates seen in early July 2016. There are multiple caveats, however. First off, lenders are responding to recent market movements in different ways. Some lenders move down faster and then remain flat even as...
LO Jobs; Pooling, Non-QM, Appraisal Products; CFPB, Audit, Exams, and Compliance News

Posted To: Pipeline PressI was telling my cat Myrtle that U.S. lenders are continuing to bask in the glow of a great 2019 and a start to 2020 (with March and April now looking very good, given rates), but that one of the big worries is about branches and referral partners being picked off, either through acquisitions or by competitors....
Home Sales Crushed Expectations And Are Now Near a 2 Year High

Posted To: MND NewsWirePending home sales bounced back last month after an unexpectedly dismal performance ended the prior year. The National Association of Realtors ® said its Pending Home Sales Index (PHSI), which had dropped 4.9 percent to 103.2 in December, posted a 5.2 percent increase last month to a reading of 108.8. This is 5.7 percent higher than the...
New Home Sales Hit Highest Levels Since 2007

Posted To: MND NewsWireNew home sales had ended 2019 in a much stronger fashion than they had started the year. December sales were at an annual rate of 708,000 (a revision from the initial estimate of 694,000) and running more than 23 percent above sales a year earlier. With Wednesday's sales report from the U.S. Census Bureau and the Department...

Oak Park home prices reflect recent changes in neighborhood

As brewpubs and cafes have opened in Oak Park, parts of the historically working class neighborhood have become less affordable.
Inside Taylor Morrison's plans for the massive swath of acreage it bought in Pasco in 2019

National homebuilder Taylor Morrison will erect nearly 900 homes on the massive tract of land it bought in Wesley Chapel in late 2019.
Duplexes, smaller units dominate new Natomas project

Most of the housing proposals in Sacramento’s North Natomas have either single-family homes or a multifamily development, but a newly submitted concept is somewhere in between.
Developers answer to housing affordability crisis: Incentives, please

At a panel earlier this week, local real estate experts spoke on the challenges of multifamily development, including why so many new projects are in the luxury realm.
How Hillwood Communities is trying to bring more affordable homes to its North Texas developments

In response to growing affordability challenges for buyers of homes in North Texas, Fred Balda is attempting to create a way for builders to offer single-family detached homes starting in the low $200s in Hillwood’s masterplanned developments.
Austin Realtor starts California-themed neighborhood designed for short-term rentals

A top-selling Austin Realtor is stretching his wings and developing a subdivision that will cater to short-term rentals and give buyers more of what they want.