About Preston Sims
Homebridge Financial Services Mortgage Loan Originator in Honolulu, Hawaii
Preston Sims is a licensed Homebridge Financial Services Mortgage Loan Originator in the Kahala, HI, office where he focuses on residential mortgage loan origination and refinancing.
Preston specializes in VA loans and renovation loans including 203(k). He finds fulfillment in making homeownership achievable for families in Hawaii. Preston is a proud graduate of Hawaii Pacific University where he double-majored in advertising and public relations. He also holds a Mortgage Loan Originator’s NMLS license.
When he’s not working, Preston enjoys spending time with his wife and baby at home in Hawaii Kai. He also enjoys surfing, hiking, working out, and playing softball with his team that has been together for 10 years.
Contact Preston Sims Anytime
Feel free to contact Preston anytime by phone or email for personalized service and knowledgeable advice. Preston will extend the same professional service to your friends, family members, work colleagues or neighbors who need help with home financing.
Preston Sims is 203(k) Renovation Lending Certified
Preston is certified in 203(k) Renovation Lending, a program particularly well suited for buyers of fixer-uppers and REOs in need of repair. Homebuyers can finance both the purchase and future repairs on their new home with one loan.
The Renovation Loan offers some great features. The amount of money you are permitted to borrow for the purchase and renovations is based on the increased value of your home after improvements are made1. Also, because renovation costs are spread throughout the entire term of the loan, monthly payments are often lower than other financing options. With the loan, there is also no need to delay improvements. You can start in immediately after closing. Another great feature is the loan's simplicity - one application, one set of fees and closing costs, one closing to attend and one payment each month. The interest on the cost of your improvements, included in your mortgage, may be tax deductible2 as well.
Preston Sims values your business and will provide you with the best professional service and mortgage solutions that make most sense for you and your unique financial situation and real estate goals.
Please contact Preston by phone, email or filling out the pre-approval form on the right to get more information about our Renovation Loan, or any other mortgage financing solution. I look forward to working with you!
For HomeStyle® purchase transactions the maximum loan amount is based on the lesser of the sales price + renovation costs or 100% of the as-completed value, times the maximum loan-to-value allowable. For refinance transactions the maximum loan amount is based on the lesser of 1) 100% of the as-completed value times the maximum loan-to-value or 2) the balance on the existing loan plus the renovation cost plus the settlement costs. The maximum repair amount is limited to 50% of the as-completed value. HomeStyle® is a registered trademark of Fannie Mae.
2Please consult a tax advisor for further information regarding the deductibility of interest and charges.