Well the grants that are available for first time homebuyers, are for those who are purchasing a primary residence. If you're looking to purchase an investment property, no grants are available for you, even if you are a first time homebuyer.
If you are purchasing your own home and you'll be living in, what you can also do is buy a 1-4 family house where you can occupy one of the units and rent the others. Please feel free to contact me and I can send you the grants that are available to you, which by the way, can vary by the townships or counties you're looking to buy in.
I also want to advise that you should meet with a Loan Officer who is experienced with some of the grants out there. I'm always available to meet in one of our Queens offices to pre-approve you and discuss your options. Good luck!
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Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797