Close one time to the land and the home before construction starts and lock in at today's low interest. During construction, you just pay interest to the construction draws and ones fixed rate begins built you move in. Qualifying borrowers may just make a minimal down payment, and because there should be one closing, you will save a lot on attorney fees, shutting down costs and associated charges. There's no better method to finance the home you've usually wanted and build it exactly as you've dreamed, virtually no fuss.