What kind of loan should I get to build a new home?
Talk to your builder and to your lender. Ask which is most advantageous for you. In some cases the builder will secure a construction loan and you will secure a mortgage "take-out" loan that pays it off when the construction is complete.
Another alternative is for you to secure the loans separately or as construction-perm which does the same thing with one lender. The latter may save you a few dollars on costs and fees, but it also depends on what the credit costs to the builder would be, instead of to you. As a regular borrower, they could get better borrowing terms than you would individually.
Speak with both your builder and one or more lenders to seek the best deal for you. In each case you should be able to find out what your total costs would be.
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Talk to your builder and to your lender. Ask which is most advantageous for you. In some cases the builder will secure a construction loan and you will secure a mortgage "take-out" 