The City of Ponca City recognizes that most renters could afford to make monthly house payments, but the largest obstacle is saving money for a down payment and closing costs. The Homebuyer Assistance Program is designed to decrease the barriers preventing low to moderate income individuals and families from owning homes. The Homebuyer Assistance Program will provide income eligible applicants with assistance for down payment and closing costs up to $3,500.
Here is a table that reflects current HUD Income Guidelines:
Size of Family Unit - Annual Income