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]

Lower Rates Have Slight Impact on New Loan Stats

Posted To: MND NewsWireContinuing declines in interest rates had some impact along the margins of loan originations in March. Ellie Mae's Origination Insight Report for March reports that 30-year fixed-rate mortgages originated during the month had an average interest rate of 4.77 percent , down from 4.86 percent in February and 5.01 percent in January. The company reported that the...
Lenders Manage Tiny Profits in 2018 Despite Rate Hikes, Inventories

Posted To: MND NewsWireDespite their fourth quarter loss reported last month, independent mortgage banks and bank mortgage subsidiaries still managed, albeit barely, to stay in the black last year. The Mortgage Bankers Association (MBA) said that banks responding to its survey made an average profit of $367 on each loan they originated last year, down from $711 per loan in...
MBS Day Ahead: EU Weakness Helping US Bonds, But Don't Count Chickens

Posted To: MBS CommentaryDespite the presence of a big economic report like Retail Sales (which came out much higher than expected) or the unique event risk presented by the Barr report, the defining moment of the trading day will turn out to be the 3:30am release of just-slightly-weaker manufacturing data in Germany. Case in point: As seen in the chart,...
MBS RECAP: Bonds Battle Back After Opening Weakness

Posted To: MBS CommentaryAs feared, bonds were gearing up for the raft of big-ticket economic data in China overnight. On balance, that data was quite a bit better than expected. The resulting selling spree was thus fairly logical. 10yr yields nearly hit 2.62% before it was over. It definitely could have been worse. I think part of the resilience is...
Mortgage Rates Quickly Find Themselves at 1 Month Highs

Posted To: Mortgage Rate WatchMortgage rates continued higher for the 5th day in a row today. This brings the average lender to the highest levels in exactly one month. At issue: a series of stronger economic reports at home and abroad have eased concerns about global growth. Not only is a strong economy associated with higher rates in general, but...
Paper on FHA Changes; Tech Report; Compliance and Ops News

Posted To: Pipeline PressExperienced originators know that lending is a numbers game. Every 100 cold calls result in 20 conversations, which result in 5 potential leads, which result in 1 closed loan. Or whatever personal ratios are. Not only that, but there is a 2-4-month lag time between those 100 calls and any funded loans that come from making them...

Opinion: Property ownership can be tricky to conceal

Unlike most assets, real estate ownership is a matter of public record. To avoid identification as the owner of a newly purchased property in the county rolls, a buyer must acquire title to a property indirectly.
On the market: The most expensive homes in Lafayette Square

This week’s on the market takes a look at the most expensive homes for sale in Lafayette Square. Lafayette Square is part of the 63104 ZIP code, which had 378 homes sales in 2018. Homes in the ZIP code had an average sale price of $231,300 and were on the market an average of 59 days. Here’s a glimpse at some of...
As some big cities lose residents, Austin is adding them faster than anywhere else

Austin just keeps booming. The metro population jumped to an estimated 2,168,316 people as of July 1, 2018, according to Census figures released April 18. That was an increase of 2.5 percent from the previous year, the fastest growth of any metro with at least 1 million residents. That means the Austin metro added 53,086 people from 2017 to 2018, or about...
Assisted Living Locators launches Dayton-area franchise

A franchise offering services for seniors seeking housing and care options has opened its first Dayton-area office. Scottsdale, Arizona-based Assisted Living Locators recently launched Assisted Living Locators of the Dayton/Springfield Area, which provides services to seniors and their families in need of advice on both short- and long-term care options, according to a news release. The franchise is owned and operated...
Top of the Market: Nashville’s most expensive homes sold from April 7-13

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 $2.8 million home in the 37220 ZIP code. This weekly feature is compiled using Davidson County property records.
Eight Greater Cincinnati communities rank among safest in Ohio

Eight Greater Cincinnati communities rank among the 25 safest in Ohio, according to a new report. Clermont County's Miami Township ranks No. 3 in SafeHome.org’s study “25 Safest Cities in Ohio,” achieving the highest placement among Greater Cincinnati communities. The online resource for home security and personal safety based its findings on 2018 FBI data from 13,366 law enforcement agencies across...