Trump Admin Confirms Plans To Introduce 50-Year Mortgage Terms For Homebuyers

The Trump administration will introduce 50-year mortgage terms to help Americans buy homes, a top housing official confirmed Saturday.

Federal Housing Finance Agency Director Bill Pulte said his agency is “working on” the longer loan option after President Trump hinted at the plan on X.

“Thanks to President Trump, we are indeed working on The 50 year Mortgage – a complete game changer,” Pulte said in the post.

Trump shared an image on Truth Social comparing himself to Franklin D. Roosevelt, whose administration created the 30-year mortgage during the Great Depression. The president campaigned on making housing affordable for younger Americans but faces challenges as prices continue climbing. (RELATED: First-Time Homebuyers Are Older Than Ever As Affordability Crisis Takes Toll)

Housing costs have pushed Americans to seek relief. Google searches for “help with mortgage” hit their highest point since 2009. Adjustable-rate mortgages now account for 10 percent of all applications, according to The Hill citing a Mortgage Bankers Association report. That figure sits well above the 6 percent average since 2008.

The typical household spends 38.4 percent of monthly income on mortgage payments, according to Redfin data.

Trump said in May he might take Fannie Mae and Freddie Mac public. Congress created both enterprises, which operated as private companies until the 2008 housing crash.

“I am giving very serious consideration to bringing Fannie Mae and Freddie Mac public,” Trump wrote on Truth Social. “Fannie Mae and Freddie Mac are doing very well, throwing off a lot of CASH, and the time would seem to be right.”

Pulte confirmed last month that Trump is “opportunistically evaluating” whether to release both enterprises to the market by late 2025. His agency oversees Fannie Mae and Freddie Mac operations.

The Daily Caller has reached out to the Federal Housing Finance Agency for comment.