362 Wellington Dr, Austin, TX 78737
3 beds · 4 baths · 2,505 sqft
Welcome to 362 Wellington Dr, a stunning Hill Country Garden Home with Spanish Casita Charm in the Belterra community. This Sitterle-built "Bordeaux" model, the largest in its class, sits on a beautiful lot backing to a scenic Green Belt & Designated Wildflower Area, offering privacy and natural beauty. Inside, 2,505 sq. ft. of luxurious living space features high ceilings, elegant French doors, and multiple living areas. The gourmet kitchen boasts built-in oven and microwave, a gas cooktop, Energy Star appliances, custom spice racks, corbels, and a wine rack. The primary suite offers an upgraded California Closet system ($7K) and spa-like bath. Real wood floors, custom wood beams, barn door, and built-in shelving enhance the charm. The detached guest suite/studio features a full bath and wood floors. The multiple expansive covered patios are perfect for entertaining. Extensive updates include new Spanish tile patios, fresh paint (March 2025), and new wood decking (January 2025). A new wrought iron fence (2024) and brand-new roof (2024) with a 30-year transferable warranty add peace of mind. Additional upgrades include a deluxe garage door opener (2024), new studio AC unit (2023), and custom brickwork. Landscaping enhancements, from a rock garden to Mexican Plum trees, complete the serene setting. A state-of-the-art sound system with new speakers extends to the side and back patios and studio, while upgraded LED lighting, ceiling fans, and brushed nickel fixtures add style. The Guardian alarm system ensures security. Located in Dripping Springs ISD, this home provides access to Belterra’s resort-style amenities, including a pool, clubhouse, fitness center, sports courts, parks, and hike-and-bike trails. Located minutes to shops, restaurants and entertainment. Don’t miss this move-in-ready home—schedule your private showing today!
Source: ACTRIS #8394153
Financials
Source: ACTRIS #8394153
Source: Public records
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%. 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.
Other resourcesWhat is Roam?
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.
What is an assumable mortgage?
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.
Why is an assumable mortgage valuable?
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.
How can you find assumable mortgage listings?
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 “Get Notified” 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.
How do I qualify for an assumable mortgage?
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.
Roam is committed to and abides by the Fair Housing Act of Equal Opportunity Act.