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]

Most Mortgage Rate Headlines Are Wrong Today

Posted To: Mortgage Rate WatchThere are quite a few more new stories than normal about mortgage rates today. Most of them are wrong. This one is not, and it's pretty easy to see why. Freddie Mac releases its weekly mortgage rate survey every Thursday morning. The survey accepts responses from Monday through Wednesday, but based on a comparison of day-to-day...
MBS RECAP: Bonds Generally Consolidating Ahead of Jobs Report

Posted To: MBS CommentaryBonds Generally Consolidating Ahead of Jobs Report MBS were higher today, but for the week as a whole, they've been flat (and right in line with last Friday's levels as of this afternoon). That doesn't seem like a coincidence based on tomorrow's jobs report, but it still might be! We just haven't seen enough evidence of the...
MBS Day Ahead: Slow, Steady Rally Wasting No Time Reasserting Itself

Posted To: MBS CommentaryYesterday's bond market weakness prompted a conversation about the limits of the current rally. It went a little something like this (<----that's a link you can click). For the non-link-clickers out there, here's a recap: Bonds have been in a clearly-defined rally trend since June. Bonds lost ground at a moderately quick pace yesterday after hitting new...
Foreign Buyers are Pumping the Brakes on Home Purchases

Posted To: MND NewsWireForeign buyers cut back their investment in U.S. residential properties over the 12 months that ended in March. It was the second year-over-year decline. The National Association of Realtors® (NAR) annual survey among its members about their transactions with international clients found foreign buyers purchased $74 billion in existing U.S. homes from April 2019 through March 2020,...
LO Jobs; Risk Tool; Webinars and Training; Servicing and MSR Update; Rates Continue Lower

Posted To: Pipeline PressOriginators and lenders are having a great summer from income and profitability perspectives. The thick margins are making managers look like champs, arguably covering up other issues that would normally be corrected. Rocket, the parent company of largest US mortgage provider, trimmed the amount of stock it is selling from $3.3 billion to $2 billion this morning,...
Rates End 6-Day Streak at Record Lows

Posted To: Mortgage Rate WatchMortgage rates cooled off today, rising for the first time since July 27th for the average lender. Between now and then we've seen a string of what have mostly been new record lows with top tier 30yr fixed offerings well under 3%. For more on what constitutes a "top tier scenario," check out yesterday's explainer ....

San Jose office tower owner proposes single building with apartments, office and retail space

The project site is located within the boundaries of a planned transit village that the city of San Jose hopes will eventually accommodate up to 1,678 housing units and up to 2,520 jobs.
How homebuilder MileStone is cashing in on 'unbridled' demand for housing in Central Texas

MileStone Community Builders expects to close 33% more home sales this year versus 2019, despite the pandemic. CEO Garett Martin explains their strategy as well as the new challenges they're facing.
City of St. Louis evictions put on hold through Sept. 1

A St. Louis judge on Thursday ordered evictions in the city be put on hold through Sept. 1 because of the Covid-19 pandemic.
Through mobile home property investments, BoaVida Group has seen dramatic growth

Since the company was launched in 2017, it's seen a 1,061% increase in revenue.
MetroTex Association of Realtors to construct 30,000-square-foot headquarters building in Irving

Design work is underway on a new 30,000 square foot building that will be built in Irving to serve as the headquarters for MetroTex Association of Realtors, with a groundbreaking slated for early next year.
Plans detail new apartment complex near Drive Shack in Raleigh

After months of planning, rezoning and revisions, site plans are in for a new apartment complex proposed next door to Drive Shack.