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]

Both Closing Times and Pull Through Rates Improved in February

Posted To: MND NewsWireEllie Mae's Origination Insight Report for February is headlined by both a decrease in closing times and, more significantly, further declines in mortgage interest rates. The company said the average interest rates for loans originated on its platform during the month was 4.86 percent. This was 15 basis points lower than the January average. Closing times were...
Vendor Management, Appraisal, and Compliance Products; FHA Changes Turning Heads

Posted To: Pipeline PressWant a growth industry? How about aging? PulteGroup's Del Webb 55+ brand will build 10 new Del Webb communities , planned to open over the next 18 months. Boomers welcome! Another growth industry is…Wite-Out?! Often used as the butt of jokes about using it to “fix” mortgage applications, correction fluid sales are doing fine (+1%) as Wite-Out...
MBS Day Ahead: Anything Other Than a Crushing Defeat is a Big Victory

Posted To: MBS CommentaryIn case you missed yesterday, it was a doozy. Here are a few links that would help you get caught up: Here's Why Bonds Loved The Fed (And It's NOT The DOTS) Fed Officially Announces Big Bond-Buying Change yesterday's Fed Announcement bullets (MBS Live members) Fed Bond-Buying Shocker: What Happened and Why Markets Are Reacting (MBS Live...
MBS RECAP: Here's Why Bonds Loved The Fed Today (And It's NOT The DOTS)

Posted To: MBS CommentaryYou may see news stories about the Fed shifting its rate hike outlook (conveyed in a dot plot often referred to as "the dots") to "zero hikes in 2019," but that's not today's big news. Today's big story is exactly the one we were looking for: a concrete announcement on the Fed's bond-buying plans. Specifically, the Fed's...
Delinquencies Increase, But Still Down on the Year

Posted To: MND NewsWireMortgage performance, usually at its best in February and March, because it is assumed that tax refunds allow people to catch up on financial obligations. But, with data in on February, Black Knight says this year may be an exception to that rule. In its First Look at the month's numbers the company says loan delinquencies rose...
Homebuying Attitude Perked Up in Q1

Posted To: MND NewsWireConsumer attitudes about buying a home seem to be slowly swinging back to positive . The National Association of Realtors ® , in its Housing Opportunities and Market Experience (HOME) survey for the first quarter, found 37 percent of respondents strongly believe now is a good time to buy. Only 34 percent expressed that sentiment in the...

On the market: The most expensive homes in Edwardsville

This week’s "on the market" takes a look at some of the most expensive homes for sale in Edwardsville. The 62025 ZIP code, which includes Edwardsville, in 2018 had 476 home sales. Homes in the 62025 ZIP code were on the market for an average of 65 days and had an average sale price of $203,125, according to data provided by national...
Top of the Market: Nashville’s most expensive homes sold from March 10-16

Check out the most-expensive homes sold in Nashville recently by clicking through the slideshow with this story. Our latest installment is topped by a $5.2 million home in the 37221 ZIP code. This weekly feature is compiled using Davidson County property records.
Freddie Mac names next CEO

McLean-based mortgage giant Freddie Mac will transition to new leadership on July 1. Donald Layton, Freddie Mac CEO since 2012, will be succeeded on that day by David Brickman, the company’s president. Brickman, formerly head of Freddie Mac Multifamily, was named president in September when Freddie Mac announced Layton’s impending retirement in the second half of 2019. The Freddie Mac (OTC:...
Developer behind Oakland megaproject chosen to build 670-unit Richmond waterfront site

Richmond City Council has picked developer SunCal to enter into negotiations for a historic Richmond waterfront site where it will build at least 670 homes. SunCal has experience with East Bay megaprojects: It's currently the master developer for the old Oak Knoll hospital in Oakland, which is slated for 900 homes. SunCal was one of four development teams that responded to...
Exclusive: Mountain View officials to master plan North Bayshore 'gateway' site after Google, developer hit impasse

Google and SyWest Development have debated the fate of the 30-acre gateway property since 2016, but admitted late last year they’d hit an impasse.
Houston, other Texas cities among places with biggest growth in 60+ renters

Houston had the seventh-highest growth among older renters nationwide, following Austin, Fort Worth and Dallas.