Trump Admin Working On ’50-Year Mortgage’ to Increase Housing Affordability
Federal Housing Finance Agency Director Bill Pulte announced on Saturday that the agency is moving forward with plans to introduce a 50-year mortgage option — a significant policy shift aimed at easing the increasingly heavy burden of homeownership for working and middle-class Americans.
The initiative aligns with President Donald Trump’s sharpened focus on addressing affordability concerns nationwide. Following the 2025 midyear elections, Democrats attempted to attribute their gains to messaging on economic pressures and the rising cost of living. President Trump, however, has dismissed such claims, describing the affordability crisis as a “con job,” and signaling that his administration intends to take direct action to reduce costs for families.
That renewed emphasis was visible last week when the president unveiled a proposal to reduce the cost of obesity medications — and it continued into the weekend. Trump posted a graphic on Saturday teasing the administration’s developing mortgage initiative, according to the Washington Examiner.
The image, titled “Great American Presidents,” placed President Trump alongside Franklin D. Roosevelt. Roosevelt’s administration was associated with the creation of the now-standard 30-year mortgage during the New Deal era. Trump was labeled beside a proposed 50-year mortgage, suggesting a historic parallel: one president modernized access to homeownership in the 20th century — and another is preparing to do so for the 21st.
Shortly after the image circulated, FHFA Director Bill Pulte confirmed that a 50-year mortgage proposal is in active development, calling it a “complete game changer” in the effort to make housing more affordable.
While Roosevelt’s New Deal introduced federally backed mortgage stability, the 30-year mortgage standard did not receive full congressional authorization until the late 1940s. Trump’s move to extend mortgage terms echoes a similar philosophy — expanding access to homeownership during a time of economic strain.
The move also represents a step toward fulfilling one of the president’s early-term promises. On his first day back in the White House, Trump signed an executive order directing federal agencies to “deliver emergency price relief” across the housing sector and accelerate the construction and availability of homes nationwide, the Examiner reported.
However, the proposal has divided some conservative lawmakers.
Rep. Thomas Massie (R-KY) warned that the long-term interest structure could outweigh affordability benefits.
“After paying on a home for 5 years, if the rate is 7% on a 50-year mortgage, you will have paid only 1.3% of the principal,” he wrote on X.
He continued: “If you needed a 50-year loan, you probably didn’t put much down at closing. Seems like a recipe for default & no ability to move for better jobs or school.”
Rep. Marjorie Taylor Greene (R-GA) expressed similar concerns, writing “In debt forever, in debt for life.” She argued that the structure would disproportionately benefit “banks, mortgage lenders. and home builders, while people pay far more in interest over time and die before they ever pay off their home.”
Greene suggested alternatives, including allowing strong rental payment histories to qualify more Americans for home loans and advancing her proposal to eliminate the federal capital gains tax on the sale of primary residences.
Other conservative voices — including Laura Loomer, Matt Walsh, and Meghan McCain — urged the administration to focus first on restoring border enforcement, reducing inflationary pressure, and lowering costs directly. McCain argued that policymakers should explore “raising wages or lowering costs” instead of promoting what she described as “debt for life with a 50-year loan.”
Even as debate continues, the Trump administration has made clear that it intends to confront affordability challenges head-on — and to draw a sharp contrast with the economic policies left behind by the Biden administration.