Purchasing a second house, renting out the first one

[David Marsh]

Hello, I am currently in the process of moving to Texas for a new job and I was looking to rent out my current house I own in another state. The issue I'm having is that no bank I've talked to is willing to do a loan without having my current living home rented out ( to cover the mortgage I have on that home ) . Now I'm  trying to figure out if I can take out equity out on that house in order to put it down on the new house  to get around needing to rent it out the house before I purchase a new house. I'm trying to avoid living in a apartment for a month from being in between houses just to make everything workout