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]

Mortgage Market is Freaking People Out

Posted To: Mortgage Rate WatchThere are too many counter-intuitive and frustrating developments in the mortgage market to comprehend all at one time, let alone discuss. That's not a cop-out as much as it is a favor I'm doing for you. If we tried to cover all of the nonsensical ground right here, this would become yet another wall of text...
MBS Day Ahead: Let's Talk About Porridge

Posted To: MBS CommentaryI don't know much about porridge. I'm not even sure I've ever eaten it. I do know one thing about it though: the temperature has to be "just right" from what I've heard. Markets--especially bond markets--are very much like Goldilocks when they're responding to a major shock and quickly adjusting to a new reality. The initial reaction...
Marketing, Cybersecurity, eClosing Products; Shifts in LTVs, Credit, Pricing, Appraisal Policies

Posted To: Pipeline PressRemember when all we had to worry about was Amazon taking over mortgage banking? The sun hits different here in March – see joke at bottom. (Thirty days hath September, April, June, and November. All the rest have thirty-one except March which has 8,000.) Unintended consequences: It’s a fascinating case study, among millions of others, that the...
HAVE A QUESTION ABOUT FED MBS BUYING?

Posted To: MBS CommentaryCURRENT FED MBS BUYING SCHEDULE AND PURCHASE LOOKUP TOOL I'm changing up this Q&A to make it shorter, denser, and better. If it's too pithy for you, revisit the previous version of this commentary HERE and take time to internalize the bigger picture). Bullet points that answer the most common questions I receive: WHAT IS THE FED...
Solid Home Price Gains Continued into January Ahead of Coronavirus Pandemic

Posted To: MND NewsWireHome prices entered 2020 still on the uptick according to the S&P CoreLogic Case-Shiller indices. The U.S. National Home Price Index, which covers all nine U.S. census divisions, reported a 3.9 percent annual gain in January. The year-over-year increase in December was 3.7 percent. There was no monthly change in the non-seasonally adjusted (NSA) index from December...
What's Being Done to Prevent Forbearance From Crushing The Mortgage Industry?

Posted To: MND NewsWireAmong responses to the job losses and reduced income already emerging from the COVID-19 pandemic has been a moratorium on foreclosures and a requirement, coming from many quarters, that servicers offer mortgage borrowers an extended period of forbearance from their mortgage payments. This has raised an issue regarding the liquidity of those servicers. Late last week Treasury...

Nearly $9 million of Roseville home lots sold

Richmond American Homes has bought about 50 home lots in Roseville's Fiddyment Ranch area.
New Bay Area shelter-in-place orders impose new restrictions on residential construction

An extension announced Tuesday of the Bay Area's shelter-in-place orders from April 7 through May 3 also imposes a moratorium on market-rate housing construction, affecting multiple under-construction projects in downtown San Jose. Under the previous order, Santa Clara County exempted housing construction -—whether it be market rate, affordable or homeless — from the requirement to cease activities. But under the...
Rent is due tomorrow, and it's not going to be pretty

Puget Sound area law firms began taking calls from landlords and tenants about March 10 as social distancing recommendations were starting to dent sales at restaurants and cafes. Six days later, with COVID-19 infections spreading, Gov. Jay Inslee temporarily closed bars and restaurants as well as other businesses where people gather. "That's when the calls really started coming in," said Aaron Laing,...
Lennar eyes new 520-home neighborhood

Lennar is seeking approval to build a 528-lot subdivision in Osceola County. The subdivision, known as Southern Oaks, will be built on 212 acres in the northern part of the county, north of Cyrils Drive and east of Narcoossee Road. The plans for the subdivision, submitted by a local representative of Miami-based Lennar Corp., will go in front of the Development...
Planning Commission dials up plan to preserve April meetings, votes on development plans

Members of the Metro Planning Commission will remotely call into their two meetings set for April — a solution that will allow votes to occur for development proposals and zoning requests that are vital steps in the timeline of a real estate deal. That approach should come as a relief to many in the real estate community who have been attempting...
Triangle construction pushes forward with enhanced precautions amid stay-at-home orders

Construction sites around the Triangle continue to bustle with workers outfitted in protective equipment as builders forge ahead on projects after being deemed an "essential business" in stay-at-home orders.