Financing investment property with foreclosure on credit report

[Prolet Miteva]

Hi everyone,

Looking for advice if anyone has had any experience with a situation like ours.

We currently own 2 properties – one primary home owned jointly by me and my husband, and one rental owned by me. The rental currently has 50% equity, which I would like to tap into for investment. The rental currently has a positive cashflow and the loan interest rate is 5.25%.

The issue I have is that I have a foreclosure on my credit report from 2012 (in my name only) with current credit score of 720 and full time job. My husband is between jobs with VA benefits. Has anyone had experience:

1. 1.Either refinancing, or taking Heloc with Foreclosure on CR
2. 2.Buying investment property with foreclosure on CR
3. 3.If possible what interest rates should we expect for refi/HELOC/mortgage

Any input is greatly appreciated

Thanks!