Lenders - FHA Title 1 Loans and HELOCs

[Abby H.]

Are there any lenders in this community who have done FHA Title 1 loans? I purchased a property and now looking for creative options to fund the renovation. The goal is to BRRRR this house. My credit has taken hits with now a 2nd mortgage and other credit accounts so looking for options that could work with that. This house is property #2. I currently house hack my primary residence. Which leads me to my second question..

Are there lenders who will make exceptions for credit score and look at other factors such as rental income when it comes to taking out a HELOC. This would be another option for funding the renovation - taking equity out of my primary residence.

Thank you for the help.