What kind of loan would I need if I were to buy some land and have a home built on it?
Consult your financial institution and ask about a construction loan. Often the first draw on this loan is to purchase the land. The next draws are for the actual construction of the home. Your builder and lender will coordinate how much money is released at each stage of construction.
Your lender will advise you if they will also do a permanent mortgage that will payoff the construction loan, or if they want you to secure that from a different lender. If the latter is the case, you need to get a commitment for the permanent loan to know the construction loan can be paid in full when due.
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Consult your financial institution and ask about a construction loan. Often the first draw on this loan is to purchase the land. The next draws are for the actual construction of the home. Your builder and lender will coordinate how much money is released at each stage of construction.