This training provides lending partners with a detailed introduction to Kentucky Housing Corporation’s new Shared Appreciation Mortgage (SAM) program. The SAM is designed to make homeownership more accessible by reducing upfront borrowing costs and eliminating monthly payments on the assistance portion. Instead of a traditional repayable second mortgage, borrowers repay support later by sharing a portion of their home’s future appreciation—creating a sustainable, long‑term affordability model.

During this session, lenders will learn how the SAM program works, which borrowers benefit most, and how to structure and process these loans successfully. We will review program guidelines, eligibility factors, operational requirements, and best practices to help lenders integrate SAM seamlessly into their workflow.

By the end of this training, lenders will be able to:
- Clearly explain SAM benefits and repayment structure to borrowers
- Identify qualifying borrowers and property types
- Understand how SAM impacts loan structuring, disclosures, and closing
- Ensure compliant documentation and delivery processes
- Utilize SAM to expand access to homeownership while maintaining sustainable lending practices