In Bangor, we have a number of excellent lenders that offer land loans, or a one close loan. Depending on what want type of building you want to place on the land, and what your income,cash,& collateral available, and current credit score qualify you for, there may be some lower downpayment government loan options as well. If you're buying in the short term, the ideal loan package is basically a single close loan to reduce the expenses for the process. There are a number of different ways that an experienced lender can match up the loan package that works the best for you.
Your loan is actually broken down into 2 parts. A percentage of the loan is disbursed at settlement to purchase the land - then funds are released in smaller increments to enable a home to be built to your specification. These installments are generally called "Draws".
These loans are more difficult to find these days - and the guidelines to qualify have become more stringent.
Check with your local Realtor for some bank referrals where you can inquire about the availability of these loans in your area.