Here’s what could happen soon.
President Donald Trump is considering a new approach to address America’s housing affordability crisis, according to a senior Cabinet official — including the possibility of extending mortgage terms beyond the traditional 30-year loan.
Appearing Sunday on Fox News, Housing and Urban Development Secretary Scott Turner confirmed that longer-term mortgage options, sometimes referred to as “50-year mortgages,” remain under active review as the administration explores solutions for rising home prices and high borrowing costs.
During an interview on Fox & Friends Weekend, host Griff Jenkins asked Turner to clarify whether extended mortgage terms could become part of President Trump’s broader housing strategy.
Many Americans, Jenkins noted, are struggling to afford homes as interest rates remain elevated and inventory remains tight.
A Focus on Affordability and Reducing Red Tape
Turner emphasized that the administration is examining a wide range of policy ideas aimed at restoring affordability — not just mortgage length, but also interest rates and regulatory reform.
“There are a number of ideas on the table,” Turner explained, pointing to efforts to reduce federal and local red tape that often drives up housing costs. He also highlighted existing programs that have already helped Americans achieve homeownership.
According to Turner, HUD has assisted more than one million first-time homebuyers this year alone through programs administered by the Federal Housing Administration (FHA) and Ginnie Mae — programs designed to support responsible lending while protecting taxpayers.
Turner encouraged first-time buyers to explore these options as the administration continues evaluating additional reforms.
Is a 50-Year Mortgage Really Possible?
Jenkins pressed Turner on whether a 50-year mortgage could realistically work, noting concerns that longer loan terms may increase total interest payments over time.
Turner acknowledged the concerns but stressed that no final decisions have been made.
“It’s still very early,” he said, adding that any new mortgage structure must ensure long-term market stability and protect taxpayers whose dollars back federally backed loans.
He emphasized that President Trump and his economic team are focused on identifying a secure and responsible path to expand homeownership without creating new financial risks.
Critics Warn About Long-Term Costs
The idea of longer mortgage terms sparked debate when it was first mentioned earlier this year. On Fox Business, analyst Charles Payne highlighted the trade-offs involved.
Using a $400,000 home as an example, Payne noted that extending a mortgage to 50 years could significantly increase the total interest paid over the life of the loan — even if monthly payments appear lower.
Payne cautioned that affordability solutions should prioritize long-term financial stability, not just short-term relief.
Still Under Consideration
Media reports have indicated internal debate surrounding the proposal, with differing views on whether extended mortgage terms are the best solution. However, Turner made clear that no option has been ruled out.
For now, the Trump administration continues to evaluate multiple strategies aimed at lowering housing costs, cutting unnecessary regulations, and expanding access to homeownership — especially for working Americans who have been priced out of the market.
As Turner emphasized, the ultimate goal remains clear: helping Americans afford a home while keeping the housing market strong, stable, and secure.