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]

Digital, Broker, Capital Mkts. Products; FHA and Down Payment News

Posted To: Pipeline PressIn honor of World Population Day today, the Census Bureau tells us that the world’s population will hit 7.58 billion this month. But why believe that? Or anything “experts,” like actuaries or scientists, tell you? There is a lot of real news out there, and a lot of rumors, and the Stearns Chapter 11 has wholesale tongues...
MBS Day Ahead: Bonds in Process of Deciding on Range Breakout

Posted To: MBS CommentaryIn the day just passed, bonds weakened abruptly in the overnight session--mostly due to strong European economic data. Traders were also cautious ahead of Fed Chair Powell's congressional testimony. When the prepared remarks for Powell's appearance were released, however, bonds came roaring back, moving from 2.10+ to 2.04% in short order. They battled the 2.06/2.07 pivot point...
MBS RECAP: Bonds Successfully Run Gauntlet of Big Ticket Events

Posted To: MBS CommentaryThere was a lot that could have gone wrong for the bond market today, given the confluence of big-ticket events (Powell testimony, 10yr auction, Fed minutes, technical momentum shifts). Not only did bonds run that gauntlet with minimal damage, they were able to bounce back from some significant weakness in the overnight session. The losses began primarily...
Mortgage Rates Mixed Follow Fed Chair Testimony

Posted To: Mortgage Rate WatchMortgage rates were mixed today following the much-anticipated congressional testimony by Fed Chair Jerome Powell. Although these testimonies are regularly scheduled events (twice a year), they can offer important insights into the evolution of thought at the Fed. This depends on the timing of various market movements and Fed communications, of course, as well as the...
MBS Day Ahead: Markets Look to Powell to Confirm (or Reject) Outlook

Posted To: MBS CommentaryIn the day just passed, bonds weakened slightly but remained inside the recent range. The weakness is in line with a linear trend leading to the upper end of the range following Friday's strong jobs report. We can assume that the willingness to remain range-bound reflects the uncertainty surrounding today's key events. In the day ahead, the...
Construction, Broker, Reno Products; Closer Look at Stearns' Deal; Ginnie and SOFR

Posted To: Pipeline PressThere are still, surprisingly, people who deny that climate change is occurring. There are plenty of low-lying areas of this country that are threatened now or will be in the coming years. And just think of all those jumbo loans along the coast, like in California. Owners can spend millions to add more sand to a beach...

Waterfront properties in Annapolis make up a majority of priciest area homes sold in June

Sweeping views of the Severn River, a private dock and a short drive to historic Annapolis. These perks and more are what homebuyers in Greater Baltimore paid between $1.9 million and $3.2 million for during the month of June. Among the 10 most expensive homes sold in the area last month, eight are located in Anne Arundel County, according to data...
Local home prices hit new record in June as sales continue to sag

Baltimore-area home sale prices hit a median of $300,000 in June, a new all-time high as the number of houses sold continues to decline and inventory remains below the five-year average. The median sale price across the region rose 5.3% from June 2018 and broke the $293,000 record set a month before in May, according to data provided by MarketStats...
Outback Steakhouse founder swaps mansions with hedge fund boss

J. Timothy Gannon, the co-founder of Outback Steakhouse and Tampa-based Bloomin’ Brands, has exchanged Palm Beach mansions and millions of dollars with hedge fund executive Laurence M. Austin and wife Molly M. Austin. Gannon sold his 7,005-square-foot beachfront mansion at 1300 N. Ocean Blvd. for $12.23 million to the Austins. On the same day, the Austins sold their 5,802-square-foot home...
On the market: The most expensive homes in Creve Coeur

This week’s "on the market" takes a look at the most expensive homes for sale in Creve Coeur. Creve Coeur is among the priciest areas to buy a home in St. Louis. In 2018, homes sold in the 63141 ZIP code, which includes Creve Coeur, had an average sale price of $392,563. The ZIP code last year had 327 home sales...
Joe and Jennifer Montana list their Sonoma estate for $28.9 million

Forty Niners legend Joe Montana and wife Jennifer are selling the huge family home they built in Wine Country more than 15 years ago. The sprawling, 500-acre estate, which just went on the market yesterday, includes an Italianate villa, guesthouse/art studio, caretakers’ cottage, professional equestrian arena and stables for 30 horses with offices and staff residences. The Montanas traveled throughout Italy...
IN PERSON: Why Realtor-turned-developer Stephanie Gilezan strives to outwork her competition

Gilezan has nothing to fear about her phone falling silent as she juggles multiple jobs as a Realtor and developer.