"The Trump administration is backing away from a proposal to introduce 50-year mortgages, while exploring alternatives approaches to improve housing affordability, including allowing Americans to tap retirement or college savings for down payments, according to recent reports. In early November, President Donald Trump posted an image on Truth Social featuring a portrait of President Franklin D. Roosevelt under the title 30-year mortgage, and his own head shot under a title of 50-year mortgage."
"That proposal, however, has since been shelved. Pulte told reporters Friday that the White House has put the 50-year mortgage option aside, saying, I think we have other priorities. The idea drew criticism from economists and housing industry experts, who warned that while longer amortization periods could lower monthly payments, they would also slow equity accumulation and raise legal and regulatory hurdles. Current qualified mortgage rules do not permit 40- or 50-year fixed-rate loans."
The administration backed away from a proposal to introduce 50-year mortgages and has put that option aside. President Donald Trump posted an image on Truth Social comparing a 30-year mortgage portrait of Franklin D. Roosevelt with a 50-year mortgage featuring his own head shot. Federal Housing Finance Agency Director Bill Pulte confirmed the idea was evaluated but said other priorities exist. Economists and housing industry experts warned that longer amortization periods could lower monthly payments while slowing equity accumulation and creating legal and regulatory hurdles. Current qualified mortgage rules do not permit 40- or 50-year fixed-rate loans. The White House is preparing an executive order to allow penalty-free 401(k) and 529 withdrawals for down payments and to bar large institutional investors from purchasing single-family homes.
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