possible to get HELOC with a 612 FICO?

Not easy but depending on the loan to value and your other debts it may be possible. Recommend you check with local credit unions - they are usually the most flexible.

Because a bank or other lender is placed in second position for a HELOC, qualificationsare generally tougher but the suggestion of trying a credit union is a good one!

Highly unlikely.. HELOC's or any type of 2nd lien are in a more venerable position, and usually have higher/tighter lending standards and qualifications.. but it also depends on what the combined loan to value (CLTV) would be as well. If you owe $100K, and you need $50K, but the property is worth $400K, then you would most likely find someone willing to lend you the money.. your CLTV would be under 40% which is a safe position even for a 2nd lien.. however if the same scenario is on a property only worth $175K (86% CLTV), then that's a very risky position for a low credit score borrower, and would most likely result in a turndown.. 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

Does look good, but does depend on your credit profile mostly including CLTV