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]

North FL Development Lands $31M Financing

The Highline, an eight-story, 171-unit project in Melbourne, kicked off construction in June and is slated for completion in early 2020.
Origin Investments, SEEC Enterprises Plan Denver Development

The $35 million Brick Stone Apartments will include 150 units. Phase one is expected to be completed in the second quarter of 2019.
On the Market: 5 Interesting Listings for the Week of 8/17

This week's list of properties includes a high-end community in Oakland, Calif.; a vintage asset in the Detroit metro area; and an under-construction mid-rise in Jamaica, N.Y.
Bolour Breaks Ground on $24M Luxury LA Community

The Riverside development in Silver Lake will comprise 65 units and offer access to a swimming pool, a gym and a club room.
Maxx Properties Acquires Salt Lake City Property

The company plans to fully renovate the 361 units and common areas of the 1970s-era Cobble Creek Apartments, which is located 10 miles south of the city’s downtown.
South FL Asset Lands Freddie Mac Refi

HFF originated the new $22 million financing package, replacing a previous, floating-rate CMBS loan of $17 million taken in 2015.

Fannie Mae Research: Housing, What a Drag?

Posted To: MND NewsWireFannie Mae's monthly Economic Development papers always have the best headlines, pithy and to the point. The August one reads. "Growth Picks Up as Expected, No Thanks to Housing." Sort of says it all. The company's Economic and Strategic Research (ESR) Team is upgrading its estimate of third quarter growth based on the acceleration of headline economic...
Flagstar/Fed News; FHA, VA, Ginnie Program Updates; New Lender Products

Posted To: Pipeline PressCapital markets folks know that there are billions of dollars of outstanding 5, 6, 7, and even 8% securities filled with high interest-rate loans. LOs know that they aren’t paying off/refinancing. One possible reason? Despite the headlines talking about housing appreciation outpacing wages, about 10% of all U.S. homes with a mortgage are “seriously underwater.” These are...
MBS Day Ahead: Checking In With Bigger Picture (Treasury vs MBS)

Posted To: MBS CommentaryIt may end up being a slow, summertime Friday with the news cycle calming down relative to earlier in the week, not to mention the fact that its peak vacation season (traders take vacations too, ya know!). That gives us a moment to step back and reflect on some bigger picture trends . US rates have been...
MBS RECAP: Bonds End Unchanged After Mid-Day Scare

Posted To: MBS CommentaryTreasuries were weaker at the start of the overnight session as renewed US/China trade negotiations propelled global equities markets higher. The hallmark of yesterday's overnight session was a sharp drop in Chinese stock futures which spilled over to US markets throughout the day. In other words, today was a reversal of yesterday. Granted, the trade-related news wasn't...
Mortgage Rate Misinformation Run Amok!

Posted To: Mortgage Rate WatchBe careful what you read--or perhaps, who you trust--about mortgage rates today. There's a lot of misinformation out there. Don't be mad. No one is out to get you. No one is out to intentionally deceive you (at least not when it comes to today's mortgage rate news. Rather, the misinformation is a byproduct of a...
Second Quarter Loan Performance Shows Steady Improvement

Posted To: MND NewsWireLoan performance continued to improve in the second quarter. The overall delinquency rate on one-to-four-unit residential properties fell to a seasonally adjusted rate of 4.36 percent of all loans outstanding at the end of that period, a 27-basis point (bp) decline from the first quarter of this year. The National Delinquency Survey conducted by the Mortgage Bankers...

Where are all these new Texans coming from?

In 2016, 531,996 people moved to Texas, averaging about 1,458 per day. When you account for the number of Texans who leave, we're one of the fastest-growing states via migration.
'We Buy Houses' is trademarked. A judge just ruled it should be canceled.

The ruling, stemming from a lawsuit filed by a Virginia company, would allow companies everywhere to use the phrase.
Home-buying service Opendoor calls Nashville its 'fastest, most successful launch'

The expansion marks a turning point for San Francisco-based Opendoor as the startup takes its service into California for the first time, while seeking to fill more than 200 positions nationwide.
Housing sales, prices hit record highs in July

Housing sales are way up Pflugerville. And Georgetown. And Kyle. Everywhere you look, new records for being set for prices and transactions. So why does inventory keep dropping?
Plans reveal new details about Shorenstein's Capitol Mall project

Shorenstein Properties has filed plans to develop an eight-story building with retail, parking and 162 residential units at the the parking lot at 601 Capitol Mall.
Compass looks to redirect focus on Atlanta's real estate agents

The young company looks to break into the Atlanta market with a focus on what it says is better technology.