Using HELOC on Primary Residence to Buy Future Home

[Sean Pour]

I have a home equity line of credit against my primary residence. I am planning to move to a larger house and would like to use HELOC as a portion of my down payment. Are there any regulations limiting the use of HELOC? Will my new lender be fine? There are many articles out there about buying a second home using HELOC but not many about financing a primary residence using HELOC. Thanks!