2317 River Dr King George, VA 22485
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About this home
Set on over 10 peaceful acres in sought-after King George, this expanded Cape Cod has been transformed with over $225K in recent upgrades. Step inside to soaring ceilings, gleaming hardwood floors, and upgraded lighting in the open living room. The custom chef’s kitchen boasts a massive breakfast bar, endless counter space, and new stainless appliances. Your main-level primary suite is a private retreat with a spa-like bath and an enormous walk-in closet, while 4 more bedrooms and 3 additional full baths ensure plenty of room for family and guests. Boasting over 6,300 sq. ft. of living space across three finished levels, the home offers exceptional flexibility with specialty spaces like a grand Piano Room, expansive 39-foot Office, and a 504 sq. ft. Sitting Room upstairs. The fully finished 2,200+ sq. ft. walkout basement features a Recreation Room, large Family Room, and custom built-ins , Theater Room— perfect for entertaining or multi-generational living. An oversized garage and abundant storage areas provide room for everything. Outside, enjoy the wraparound porch and breathtaking views, paired with the peace of mind from a new roof and solar system for energy efficiency, plus a brand-new A/C system, updated garage doors with openers, and numerous custom touches throughout. Ownership and loan terms for the solar panels are being confirmed—details will be provided to interested buyers once available. The sellers truly hate to leave so soon, but a call back to the office makes this beautiful property available for its next lucky owner. Located just minutes to Dahlgren, the Potomac River, and convenient to Fredericksburg, Southern Maryland, and Washington D.C., this home offers both privacy and accessibility. A true King George gem—spacious, updated, energy-efficient, and move-in ready.
Source: BRIGHT #VAKG2006886
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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.
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