Close one time in the land and the property before construction starts and lock in at today's low interest rates. During construction, you just pay interest over the construction draws and your fixed rate begins the day you move in. Qualifying borrowers may just make a minimal down payment, and because there is only one closing, you will save considerably on attorney fees, closing costs and associated charges. There's no better way to finance the home you've constantly wanted and build it just as you've dreamed, virtually hassle free.