Shared Appreciation Mortgage (SAM) (Kentucky)
Kentucky Housing Corporation (KHC) · Kentucky
At a glance: Up to 25% of the purchase price or appraised value, deferred loan (no payments until you sell, refinance or pay off). First-time buyer: Required. Checked against the official page on Nov 3, 2026.
| Assistance type | Deferred loan — No payments until you sell, refinance or pay off |
|---|---|
| Amount | Up to 25% of the purchase price or appraised value |
| Income limit | Not verified on the official page — check the source |
| Purchase price limit | Not verified on the official page — check the source |
| First-time buyer rule | Required |
| Status | Offered |
| Status note | Not verified on the official page — check the source |
| Details | 0% interest second mortgage with no monthly payments for down payment and closing costs. When you sell, refinance, pay off the first mortgage or another maturity event occurs, you repay the original amount plus a share of the home's appreciation; if the home doesn't gain value you repay only the original amount. New construction homes only; income limits apply; homebuyer education required. |
| Official source | https://www.kyhousing.org/programs/shared-appreciation-mortgage (opens in new tab) |
| Last checked | Nov 3, 2026 (automated fetch) |
Go to the official program page ↗ Report a correction
Other Kentucky programs
- KHC Down Payment Assistance — Up to $12,500
Related updates
- Lexington proposes $1M for shared appreciation home loans · Oct 28, 2026
← All Kentucky programs · Check eligibility · Compare with other programs
Common questions
How much is Shared Appreciation Mortgage (SAM)?
Up to 25% of the purchase price or appraised value (per the official page, checked Nov 3, 2026).
Is Shared Appreciation Mortgage (SAM) a grant or a loan?
Deferred loan: no payments until you sell, refinance or pay off.
Do I have to be a first-time homebuyer for Shared Appreciation Mortgage (SAM)?
Required.
How does Shared Appreciation Mortgage (SAM) work?
0% interest second mortgage with no monthly payments for down payment and closing costs. When you sell, refinance, pay off the first mortgage or another maturity event occurs, you repay the original amount plus a share of the home's appreciation; if the home doesn't gain value you repay only the original amount. New construction homes only; income limits apply; homebuyer education required.
Is Shared Appreciation Mortgage (SAM) still available in 2026?
The official page listed it as offered when we last checked on Nov 3, 2026. Funding can change, so confirm with the administrator.
Who runs Shared Appreciation Mortgage (SAM)?
Kentucky Housing Corporation (KHC), Kentucky. Apply through the program or one of its participating lenders.
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