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Shared Appreciation Mortgage, SAMt

Shared Appreciation Mortgage, SAM

A mortgage in which a borrower receives a below-market interest rate in return for which the lender (or another investor such as a family member or other partner) receives a portion of the future appreciation in the value of the property. May also apply to mortgage where the borrowers shares the monthly principal and interest payments with another party in exchange for part of the appreciation.

Certain cities in USA are encouraging housing growth offer Mortgage Assistance Program to home buyers offering a mortgage loan (usually second mortgage), with zero interest and no payments for the first few years. In exchange, the city receives a share of the appreciation in the house. 

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