08/03/2026
Kentucky Housing Corporation (KHC) announces the launch of the state’s first Shared Appreciation Mortgage (SAM) program, an innovative financing option designed to help more Kentuckians overcome one of the biggest barriers to homeownership: the upfront cost of buying a home.
The SAM program provides eligible homebuyers with a 0% interest loan of up to 25% of a home’s purchase price or appraised value to help cover down payment and closing costs. In exchange, KHC receives a corresponding share (up to 25%) of the home’s future appreciation.
The SAM program does not require any payments until the property is sold, refinanced, the first mortgage is fully paid off, or another maturity event occurs. At that time, homebuyers are required to repay the original SAM loan amount along with KHC’s proportionate share of any appreciation in the property's value.
“Many hardworking Kentuckians can afford a reasonable monthly mortgage payment, but struggle to save enough for a down payment. The SAM program offers a new way of bridging that gap and provides a path to homeownership.” -Jaime Rice, Director of Single-Family Programs at Kentucky Housing Corporation.
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