Deprecated: mysql_connect(): The mysql extension is deprecated and will be removed in the future: use mysqli or PDO instead in /home/a26f9f83/public_html/articles/includes/config.php on line 159
Young Couple Buys Ranch with Government Money > NetSparsh - Viral Content you Love & Share

Young Couple Buys Ranch with Government Money

Kirk and Tina Sczepanik had a dream. They wanted a ranch of their own. But with the rising cost of land and the demands of raising three young children, the possibility of realizing their dream often seemed remote.

Kirk, 29, grew up on a ranch. He earned a degree in Agriculture, and now works for a construction company. Tina teaches Spanish at their local high school in South Texas. From the time they got married, they had their eye out for available ranchland. They investigated financing, and they learned they would need a down payment of at least ten percent.

Most area banks required twenty percent. On top of the purchase price, they would need to finance any improvements, equipment, and livestock. If the property they selected didn't have a home already built on it, they would need to finance construction of a house. Despite the apparent obstacles, they never gave up hope.

Tina spent months researching on the Internet. She followed up on every lead for ranches and financing. Finally, she came across a reference to a program of the U.S. Department of Agriculture, through the Farm Service Agency. The program, called the Direct Farm Ownership Program, is designed to support and encourage people just like the Sczepaniks to settle in rural areas and either farm or ranch, or both.

Immediately, Tina contacted FSA and they completed an application. In order to qualify for the funding, they first had to be rejected by conventional funders.That part was easy. Tina simply explained her need to local banks, and they wrote her a letter verifying she would not qualify under their guidelines.

Although the program is available to all Americans, there is a set-aside of funds earmarked especially for minority applicants. Because Tina is Hispanic, they qualified under the set-aside, and were approved in the summer of 2003. With a guarantee of funding, they began looking in earnest for the ranch of their dreams. Through one of those strokes of perfect timing, they learned from friends of a ranch that was soon going to be put up for sale, but had not yet been listed.

The ranch was 140 acres, and included a frame house. The house had been built in the 1930's, then added onto twice. It had fallen into some disrepair, but it was in good enough condition to merit renovation. Three middle-aged siblings had inherited the property upon the deaths of their parents. None of them lived close enough to the ranch to want to keep it, but they had grown up there, and they wanted it to go into the hands of a family. They quickly accepted Kirk and Tina's offer.

Working closely with helpful staff officers at the Farm Service Agency, Tina and Kirk structured their financing into two loans. They used the acquisition loan to buy the property and finance a portion of the repairs on the house. That loan had a term of forty years, at an interest rate of 3.75%. They also took out an operational loan for seven years at 5.25%. The second loan financed the remainder of the renovation of the house, as well as fence repair and the purchase of cattle and equipment. No down payment was required for either loan, although the couple did put down some earnest money and paid a portion of the cost of the survey.

When they closed on the property, the real work began. They made the money stretch by doing a substantial portion of the repairs on the house themselves. Kirk's construction skills, and his relationship with vendors, were a definite benefit. Everyone in the family, including the children, helped with the renovations. Tina sums it up, "Essentially, we just gutted the house and rebuilt it from the studs out."

That work took several months, but finally, in September 2004, the family moved into their new home. For all three children, life on a ranch is a wonderful adventure. They have room to roam, and opportunities to make a real contribution to the family as they help their parents put things in order.

Joseph, now 12, is working on business ideas of his own. He plans to participate in a youth business opportunity program of FSA, which allows young people from ages 10 to 20 to borrow up to $5,000 to start a business. And Tina's father has taken responsibility for one field, where he has already planted a large garden to keep the family in vegetables. Tina laughs, "He's out there all the time on the old tractor that came with the house. He's having so much fun."

Meanwhile, Kirk has rebuilt some of the fences on the property, and has moved his three horses into their new home. His pride in their ranch, and in his wife, is evident as he talks about their new life. "You know, I'm the one who knows about ranching, and cattle and horses. We can make this a wonderful place. But it never would have happened if Tina hadn't been so determined, and gone out and found this program."

2004 (c) Jillian Coleman Wheeler

This article is condensed from New American Land Rush: How to Buy Real Estate with Government Money, by Jillian Coleman Wheeler (c) 2004. For more information, to go: For more about grants, visit: You may reprint this article, if you credit the author and include this resource box. Please notify the author of publication information: [email protected]

In The News:

PR Newswire (press release)

Investcorp Announces Completion of First European Real Estate Portfolio
PR Newswire (press release)
LONDON, Oct. 23, 2017 /PRNewswire/ -- Investcorp (the "Company"), a leading global provider and manager of alternative investment products, today announces the completion of its first European real estate portfolio following the acquisition of seven ...

and more »

How “Real Estate Fracking” Is Leaving Its Mark
As Weikal explains it, real estate fracking involves using technology to break or open up a real estate asset and monetize it in entirely new ways, much like the process of injecting rock formations with high-pressure liquids to release the oil inside ...

Charleston Post Courier

Charleston's tight industrial real estate market expected to stay that way
Charleston Post Courier
Increased industrial growth is putting pressure on builders to keep up with demand for manufacturing and warehouse space, according to a report by the commercial real estate firm CBRE Group Inc. The Charleston-area vacancy rate for industrial-use ...

Erie County Real Estate Transactions
Buffalo News
Following are real estate transactions over $5,000 as listed in records of the Erie County clerk's office for the week ending Sept. 15,2017. AKRON • 57 East Ave., Cassandra A. Nicholas; Michael A. Nicholas to Edna M. Scherf; Kevin J. Scherf, $200,000. Joins Forces With David Knox Real Estate Training
PR Newswire (press release)
THE WOODLANDS, Texas, Oct. 22, 2017 /PRNewswire/ -- Last week was a very pivotal moment for the future of as a deal was inked with the David Knox Real Estate Training company. As real estate commissions around the country ...

and more »

Partners of Life: Best of Real Estate
The real estate scene is booming in Northwest Indiana! Not only are there a ton of great homes and properties on the market at all times, but there are a great number of real estate agencies, teams, and realtors out there working hard to connect the ...

and more »

Australia shares lose steam as financials and real estate stocks weigh
The sell-off was led by real estate stocks, which accounted for more than a quarter of losses in the index, with industrial property developer Goodman Group Pty Ltd falling 2.3 percent to its lowest in over two weeks, and shopping centre developer ...

and more »

BRIEF-Plaza Create Honsha to transfer real estate business to wholly owned unit
Says it will transfer real estate business to Tokyo-based wholly owned unit, which is engaged in print shops related business, effective Dec. 1. Source text in Further company coverage: (Beijing Headline News). Our Standards:The ...

Albuquerque Journal

Taking the plunge into real estate
Albuquerque Journal
ALBUQUERQUE, N.M. — While parts of Nob Hill, Downtown and Old Town have drawn strong interest from investors looking for residential and commercial real estate, some brokers say it's actually in some of the city's marginal neighborhoods where small ...

Training series coaches real estate developers
Albuquerque Journal
ALBUQUERQUE, N.M. — The city of Albuquerque and other sponsors are teaming up for a training series about small-scale real estate development starting Tuesday, Oct. 24. One of the workshop teachers is Dallas developer Monte Anderson, an proponent ...

Google News

Important Facts For Home Buyers

If you are considering buying a home or have spent... Read More

Why Invest In Property?

Why property, some people ask when looking for an investment.... Read More

Investing In Land

Changing social trends point to a huge rise in demand... Read More

How To Increase Your Homes Selling Price by $3,306.75 In The Next 33 Days

According to the Federal Housing Finance Board:... "As of October... Read More

What to Look for in a Real Estate Agent

Real Estate Agents play an essential, critical role in the... Read More

What Is Home Staging And How Does It Help To Sell My House

Home staging is the concept of preparing a house for... Read More

The Best Way To Get Real Estate Listings

The Real Estate Industry is HUGE and is a golden... Read More

Real Estate Disputes And Partition

What if two people pooled their resources and began investing... Read More

Why Do Realtors Advertise Your Home in Print,on the Radio, on Television, etc.?

Why Do Realtors Advertise Your Home in Print,on the Radio,... Read More

Buying a Home: The 5 Biggest Mistakes that a Home Buyer Makes

As a Professional Real Estate Inspector I get to see... Read More

NAHB?s Voluntary Model Green Home Building Guidelines

The voluntary Model Green Home Building Guidelines are designed to... Read More

Real Estate Investing - Books,TV Infomercials, and Seminars

Real estate investing has become popularized today because of real... Read More

Selling Your House Fast!

The physical senses of buyers respond to a home's design,... Read More

A Few Easy Ways To Take The Headache Out Of Moving

Moving from one house to another is always a challenge,... Read More

Saving for a Home

So you want to buy a home? This is a... Read More

New Home Construction - The American Dream or The American Nightmare?

Buying a new home is suppose to be the American... Read More

Selling Your Home ? Be Sure It Shows Well

Whether you are selling a house, townhouse, condo or apartment,... Read More

Houses For Sale By Owner - Negotiating Tips

Houses for sale by owner, also known as "FSBOs," are... Read More

FSBO: For Sale By Owners Chapter One

She reached the phone on its second ring. "This is... Read More

NAR® Broker Will Swear It ? Real Pro? Agents Share It ? FSBO Truth

For posting the "Truth" on your website, some FSBO's will... Read More

How To Start Investing For Financial Independence, Part 2

Last week, we started a multi-part series about how to... Read More

Feel At Home Faster After You Move

Moving to a new community can be a great adventure,... Read More

Selling a House is Easy

The thought of selling a house strikes fear into most... Read More

Legal Information About the Real Estate Contract

The conclusion of final agreement between a seller and a... Read More

Joint Ventures In Real Estate Development; So How Do They Work?

There are many reasons why you would consider joining with... Read More