Can I use a home equity loan to finance a down payment on a second ...

If your income can suport all the loans, then yes, you can do that.
And as long as you leave 20% equity in your existing home.

Sounds like you are moving and would like to move from home to home.
Consider renting first in your new area.
Then just wait for your home to sell.
This will give you time to see the new area, and pick a place to live?

Source: http://finances.solve-up.com/credit/loans/can-i-use-a-home-equity-loan-to-finance-a-down-payment-on-a-second-house/

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