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]

Affordability Improves Even as Appreciation Accelerates

Posted To: MND NewsWireAre home price increases cranking up again? The quarterly report from the National Association of Realtors® (NAR) on existing home sales and metropolitan home prices seem to indicate that is the case. NAR says that the overwhelming majority of the metro areas they track experienced both price gains and very limited inventory growth in the third quarter...
Appraisal, DPA, Broker, Condo Products; Legal, Settlement News

Posted To: Pipeline PressThanksgiving will be here before you know it, and with it, pumpkin pie. (Yes, I know that this is a mortgage commentary, but even pumpkins have their share of regulation and controversy, a lead in to mortgage legal issues below.) Pumpkin is a variety of squash belonging to the “Cucurbitaceae”, or gourd family which also includes melons...
MBS Day Ahead: Rising Rate Risks Are Officially Getting Serious

Posted To: MBS CommentaryYesterday brought a brief reprieve for bonds after the first 2 days of the week threatened to confirm a big picture shift toward higher rates (or at least to build a case for such things). But much like the brief rally in the middle of last week, yesterday's rally proved to be a head fake, only this...
MBS RECAP: Bond Buyers Making a Case or Just a Fluke?

Posted To: MBS CommentaryToday's 10yr Treasury auction brought strong demand . Across the board, the auction stats were much stronger than expected. The only real problem was that the awarded yield was the highest of any 10yr auction since July, and that goes a long way toward justifying to strong demand. Before the auction, however, bonds were already having an...
Mortgage Rates Trying to Find a Ceiling

Posted To: Mortgage Rate WatchMortgage rates were sharply higher yesterday , but managed to reverse course and make some gains today. The refreshing part of the improvement was that the bond market (which underlies rates) was already holding its ground before there was any obvious reason to do so. Simply put, this suggests that investors could view current rates as...
Fewer Homeowners Carry Housing Cost Burdens than Pre-Recession

Posted To: MND NewsWireIt may come as a surprise to some, but the Census Bureau says the housing cost burden for homeowners has been getting lighter. The Bureau's American Community Survey (ACS) found fewer households are carry excessive costs than before the recession, however the rate of renters with high housing cost has remained about the same. A cost-burdened household...

2019 C-Suite Awards COO of the Year finalist: Joshua Swift, Zillow

See this year's honorees for the 2019 C-Suite Awards.
Austin wants to hear redevelopment plans for downtown HealthSouth property

Economic development officials are looking for the "best ideas and partnerships" from developers for this city-owned site near 12th and Red River streets.
Somerset Homes developer tweaks units, funding for third residential building

The building that connects Somerset to Old Town will now have more one-bedroom units.
The $4.5 billion puzzle: Can tech giants' billions make a difference in the Bay Area's housing crisis?

When Apple Inc. CEO Tim Cook announced Monday that the Cupertino tech giant was pledging $2.5 billion toward combatting California’s housing crisis, he said it was because his company calls Silicon Valley home. “We feel a profound civic responsibility to ensure it remains a vibrant place where people can live, have a family and contribute to the community, Cook said. That...
Where the wealth resides: Memphis metro areas with the most $200K+ households

Driving through the metro on the easternmost part of Poplar Avenue, it is not difficult to spot signs affluence, from higher-end auto dealerships to upscale shopping options. When looking at one measure of affluence — percentage of households making $200,000 or more annually — Poplar Avenue figures prominently. Five of the top six local ZIP codes with households making $200,000...
Empty school near Northridge Mall to be rehabbed into 100 affordable apartments

The former Fletcher School property near Northridge Mall in Milwaukee could be sold to developer White Lotus Group for 100 new affordable apartments and community spaces for local social service groups including the YMCA. White Lotus Group, based in Omaha, Nebraska, expects the project will cost $28 million, according to a city of Milwaukee report on the proposed property sale. The...