HELOC, etc.

So I currently have two houses - one due to the meltdown that is rented and we are either slightly underwater or breakeven. The rent covers the payments + $100.

Our primary home is currently in an FHA loan, but we are refinancing to a traditional loan and losing the PMI (and moving from a 30 year to a 15 year).

After the refinance, we will be right below the 80% loan area. There is a large project on the house we would like to complete and were wondering if HELOCs, etc. are still available that would take us above the 80% range (probably to 87% with both loans together). Can anyone provide any advice or guidance?

Thanks.