How it Works

When you’re ready to start using the program (typically 3 months before buying), you will first determine how much home you can afford through an easy, online pre-approval process.

One of our mortgage consultants will work with you to determine your pre-approval which then strengthens your bargaining position with sellers and gives you a head start.

If you choose to do the “Buyer Advantage” pre-approval option, you’re eligible to use the $10K Closing Guarantee when you submit an offer to a seller through your First Home agent.

After your pre-approval is determined, you are assigned a personal guide to act as your point person - they’ll be your contact who will coordinate and connect you to each team member at the right time.

Your guide will match you to a specific Long & Foster real estate agent who specializes in first-time homebuyers. They’ll assess your needs and begin the search in the right neighborhoods for the perfect home.

When you put in an offer and secure a ratified contract on a home and use Prosperity Home Mortgage, LLC (in the Long & Foster Family of Companies) for your mortgage, your mortgage team member will coordinate your free home appraisal.

Your guide will connect you with multiple members of your team:

1. To finalize the mortgage that meets your needs.
2. To shop insurance underwriters and find the best homeowner’s coverage.
3. Behind the scenes, we’ll be busy preparing settlement documentation so you can close on time and secure the title to your first home.

The day finally arrives to close on your new home. You’ll see a $250 closing cost credit on your closing document if you utilize a Long & Foster Settlement service company for your closing.

Your guide will connect you to your moving team member to receive a guaranteed, flat-rate quote (no unexpected fees or charges).

Whether you need storage, packing, or moving services, you’ll get the benefits only Tailored Move—Long & Foster’s own moving company—can an offer.

If you choose to use Tailored Move, you’ll pick your guaranteed move-in date (with minimum of 14 days advanced notice).

If you used Prosperity Home Mortgage, LLC (in the Long & Foster Family of Companies) for your mortgage, after closing, you’ll receive a home warranty with no cost for the first year. It is optional if you’d like to review the warranty after the first year.