I have this huge piece of land where I wish to build a new house.

A few details that I need clarification on:
- Is the rate on a construction loan more expensive than on a 30 years fixed?
- Do we start paying when the house is built?
- Can we start with zero down?
- Do regular mortgage brokers take care of this?
- Anything else you would like me to know?

10 points for the best answer.

it used to be a simple task,getting construction loans.
times have changed now and with bad economy and even worse housing market,banks aren’t very anxious to lend for development.
however,if you could find one,expect higher int.rates than 30 y.fixed
most of the loans do not require monthly payments during construction
and after the completion of project,the loan automatically is rolled into
a standard 30 year fixed. (original const.loan plus all the int.payment
for the duration of construction).this loan will have the market rate.
depending on where you are and what you are building,it is possible
to finance the 100% of the cost. look for local banks who aren’t
very much in checking or saving business (commercial banks) they are
the best source for this types of loans. a very specialized mortgage
broker can help you too.

good luck