Can you get a heloc with a shirt sale 3 years ago?

Maybe, but it might be tough. Unlike standard Fannie Mae, Freddie Mac, FHA, and VA type loans, every bank can make up their own rules and guidelines for their Home Equity Loans (HELOC). You need to start contacting lenders to see their individual rules. Lending in SD, MN, and WI - www.MortgagesUnlimited.biz

You will have better luck with an new first mortgage.

More than likely, it's not going to happen.. 2nd position loans dont have the insurance protection and position that a first mortgage has, so the guidelines are much more strict. it would be easier to do a cash out refinance using FHA, or wait another years, and you can do a conventional cash out refinance.. but this would only apply to your primary residence.. not an investment property or 2nd home.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com