Close one time in the land and the home 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 your day you move in. Qualifying borrowers may only have to make a minimal down payment, and because there should be one closing, you will save quite a bit on attorney fees, shutting down costs and associated fees. There's no better method to finance the home you've constantly wanted and build it exactly as you've dreamed, virtually hassle free.