Lending question re: HELOC/loan options

[Holly Thorsen]

Hi all! I own a home in CO which was my primary residence and now it's a rental. I'm on the deed, not the loan for the current house I live in here in GA. What would be the best loan option for purchasing another property under my name that I'll be moving into as my new primary residence? I have equity in my CO rental; I don't have a large enough sum saved up for a down payment yet so I'm wondering if a HELOC would be an option on my CO property. I'm sure more questions need to be answered but thought I'd start here first. Thanks!