Financing options for construction or major rehab - owner occupy

[Paul C.]

With all the changes of Covid, my wife and i are looking to potentially move to a lake now that we can work from home full time. We currently own a home with a mortgage that I could rent out and break even. With a family, we are looking to either construct or do a major rehab of a lake home as we have not found any options that we like in our price range. The issue is that we cannot afford to pay 2 mortgages at once. Is there any type of financing that exists where we only start making payments once we can move in to the property? That would give us time to rent out our current home and not have to try to make two payments. Any ideas are much appreciated!