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]

Refinancing Share of Freddie's Volume Soared in October

Posted To: MND NewsWireFreddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 3.0 percent in October, down from 10.7 percent the previous month. The portfolio balance at the end of the period was $2.301 trillion compared to $2.295 trillion at the end of September and $2.157 trillion a year earlier. Purchases and Issuances...
Mortgage Rates Edge Higher

Posted To: Mortgage Rate WatchMortgage rates moved slightly higher today, leaving them roughly in the middle of November's narrow range. Although banks and many mortgage lenders will be open on Friday, lenders won't be as eager to respond to improvements in the bond market as usual. In fact, more than a few lenders don't make any changes to rates on...
Mortgage Apps On-Track for Best Year Since 2007

Posted To: MND NewsWireJoel Kan, Associate Vice President of Economic and Industry Forecasting for the Mortgage Bankers Association (MBA) says low rates are continuing to keep mortgage applications activity brisk. "Mortgage rates stayed below 4 percent for the second straight week and borrowers responded positively, with mortgage applications rising 1.5 percent on the back of increases in both refinance and...
MBS RECAP: Holiday Drift Continues

Posted To: MBS CommentaryFor those of you who are MBS Live members, yes, the recap title is the same as the MBS Huddle. Sorry for the lack of creativity, but this is an uninspiring week that's been living up to every ounce of its uninspiring potential. Bonds were inconsequentially stronger overnight and moved almost perfectly sideways throughout the domestic session....
Pending Home Sales Decline, But Still in Strong Territory

Posted To: MND NewsWirePending home sales slipped in October after two months of solid gains. The National Association of Realtors® (NAR) said its Pending Home Sale Index (PHSI), a leading indicator of existing home sales, retreated 1.7 percent to 106.7 in October. The Index had gained an aggregate of 4 percentage points over the previous two months. The PHSI was...
Borrower Retention Tool; 2020 Loan Limits; Fed Addressing Financial Disparity

Posted To: Pipeline PressLoan officers know that rent is a “piece of the puzzle,” “a part of the equation” in the homebuying decision. They should be glad to know that the typical rent in the U.S. is now $1,600 , an annual increase of 2.3% in October. I’m simplifying things quite a bit, but it is not lost on LOs...

This city has the least expensive rent in Florida (Slideshow)

Titusville has the cheapest average apartment rental rate in the entire state of Florida, at $876, while Coral Gables had the highest, at $2,628, according to a new RentCafe report using data from Yardi Matrix. The average rent among the 30 Central Florida municipalities included in the report is $1,241, according to RentCafé's October report. The national average is $1,476. Meanwhile,...
Dream Getaways: $65 million Naples property has three houses, broad beachfront

A $65 million property with three expansive homes on the Gulf of Mexico is on the market in Naples, Fla. The 3.98 acre property at 2700 Gordon Drive was built in 2003 and features multiple years' worth of design and architecture work. The11,511-square-foot home has six bedrooms and eight bathrooms (six of those full baths). A 4,675-square-foot guest house includes four bedrooms and...
Mesa developer kicks off new residential community in southeast Valley

Called Whitewing at San Tan Magma, the gated community features views of San Tan Mountain Regional Park.
(PHOTOS) Million-Dollar Dream Homes: The 43 Triad homes that have sold for $1M or more in 2019

Feeling the need for a larger home with relatives in town for the holidays? Check out the gallery above to see the 43 homes that have sold for a $1 million or more this year. Seven-figure houses continue to sell at a rapid pace in the Triad. Twelve Triad homes sold for a million or more dollars in the third quarter,...
Fruitvale Transit Village project picks up momentum

The second phase of the mixed-use development has overcome a fair amount of roadblocks to deliver 94 affordable apartments.
Ohio apartment developer Lifestyle Communities expanding to Denver

A Columbus-based apartment developer is furthering its national push with plans to break into four new cities.