You can get one loan for both, and I highly recommend that method. I have helped many clients through this same situation, and I can tell you, you want to get one loan if you can. It's not very easy to get a loan for raw land right now.
Please feel free to call me and I'll be glad to share the details of my previous deals.
It's going to depend on where you decide to build - Are you going out in the country or trying to stay in Frisco? Give me a call - With a few more details I think I can point you in the right direction!
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157