46 Seay Ln Erin, TN 37061
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About this home
Welcome to 46 Seay Ln, Erin, TN – Your Equestrian Retreat Awaits! Nestled on just under 35 sprawling acres, this enchanting property is a true haven for horse lovers and nature enthusiasts alike. Imagine waking up every day to the serene beauty of your surroundings, with two picturesque ponds, including one that's live-streamed, providing a perfect backdrop for your outdoor adventures. Step inside this charming home, where history meets modern comfort. With three cozy bedrooms and two baths, the interior is infused with personal touches that reflect the property’s rich heritage, creating an inviting atmosphere that feels like home from the moment you enter. The full unfinished basement offers endless potential, whether you envision a workshop, extra storage, or even a personalized retreat. The equestrian setup here is nothing short of a dream come true. Ample open spaces invite you to create your own riding trails, while the tranquil ponds serve as a peaceful oasis for you and your animals. Whether you’re an experienced equestrian or just starting your journey, this property provides the perfect canvas to cultivate your passion. Don’t miss this rare opportunity to own a slice of paradise in Erin, TN. Schedule your visit today and experience the charm, character, and endless possibilities that await you at 46 Seay Ln! (Three separate parcels total to be sold together.)
Source: REALTRACS #3015094
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FAQs
Roam is your trusted partner for affordable home ownership. We help manage the assumption process from start to finish, enabling homebuyers to easily purchase their next home with a low-interest rate mortgage attached.
To qualify, you must meet the current FHA, VA, or USDA loan requirements depending on the type of loan you are assuming. This typically means a minimum credit score of 580, although most lenders prefer 620-640. Your debt-to-income ratio should be under the 50% max under FHA guidelines. Additional information such as employment history, explanations of income for each applicant, and asset verification for a down payment may be needed to process the loan.
An assumable mortgage is a type of home loan that allows a homebuyer to take over the existing mortgage terms from the seller, with no cost to the seller. Many government-backed loans, such as FHA and VA loans, are eligible for assumption, and millions of these mortgages are available.
When interest rates on mortgages are high, assuming a mortgage with a rate as low as 2% allows buyers to save up to thousands monthly compared to buying a home with a traditional mortgage at today’s average rates of 7%. A low-rate assumable mortgage could be the key to finding your dream home at an affordable price.
Roam has compiled available listings with low-rate assumable mortgages for you to browse. To get started, enter the city, state, zip code, or school district you’re interested in purchasing in. Utilize the search filters to narrow down your search. Click “Save search” to save your search preferences and activate listing notifications—we’ll email you as soon as new listings match your criteria.
Once you’ve found your dream home and ready to make an offer, schedule a call with a Roam Advisor directly from the listing. Your Roam Advisor will guide you through each step of the process, while also working directly with your agent, the servicer, and the seller to ensure you close on time.
When assuming the existing mortgage as part of a home purchase, the buyer has to cover the seller’s equity in the home. The seller’s equity is the purchase price minus the remaining mortgage balance. This amount must be covered in full through an all-cash down payment or by taking out a second mortgage.
Roam is committed to and abides by the Fair Housing Act and Equal Opportunity Act.