What could a proposed 50-year mortgage look like?

President Donald Trump has announced that he is working on a 50-year mortgage plan to help make home ownership more affordable to new buyers. At the moment, there is no additional information on a 50-year mortgage plan. 

A 50-year mortgage would be a major increase from the traditional 15- and 30-year mortgages offered by lenders. However, there is no news on whether or how much the terms of this 50-year mortgage will differ from current mortgages. 

To find out how current mortgages would look for you, talk with a lender today! 

Longer terms could reduce a borrower’s average monthly mortgage payments. When borrowers choose longer mortgage terms, their total loan amount will be spread over a greater amount of time, lowering each individual payment. 

Depending on interest rates for the 50-year mortgage, borrowers who choose this loan option may see a slight decrease in their monthly payments.  

As of Nov. 12, 2025, there is no word on whether 50-year mortgage interest rates will be above or match 30-year fixed rates. Current mortgage rates for 30-year fixed rate mortgages are just above 6%, while 15-year mortgages rates sit at around 5.5%. 

With interest rates lower on 15-year mortgages compared to 30-year mortgages, it is fair to say that interest rates for a 50-year mortgage will most likely be the highest among the three options. The reason that interest rates rise alongside the length of a mortgage is because lenders view longer mortgages with a greater possibility for borrowers to default on payments. 

If rates on a 50-year mortgage match a 30-year mortgage, monthly payments would be lower for those who choose a 50-year mortgage. However, the amount of interest paid over the life of the loan would be higher. 

No date has been announced for when potential homeowners can expect to see a 50-year mortgage. The Trump administration is working on the recently announced 50-year mortgage plan. Along with the plan’s arrival date, there likely will also be more information on what borrowers could expect with this new mortgage term. 

The greatest benefit of a 50-year mortgage would be the lower monthly payments it could potentially come with. Lower monthly payments could make homeownership more affordable to new buyers who may not have the budget for a 30-year mortgage. 

However, there are a few drawbacks to potentially paying less monthly with a 50-year mortgage. With a longer loan term, it will take more time to build up equity in your home and could mean paying a higher interest rate for a greater length of time. This could make a home purchase considerably more expensive over the life of the loan. 

The biggest drawback some borrowers might see is that they will pay their mortgage for half a century. As of November 2025, the average age of first-time homebuyers is 40. If a homebuyer around this age decides to choose a 50-year mortgage, they would be about 90 by the time they pay back their loan and fully own their home. 

While we wait for an announcement date or more information on how the proposed 50-year mortgage will look, there are still many available loan options for potential and current homeowners.  

There are mortgage options available for potential homeowners looking to: 

• Buy a primary home. 

• Purchase a vacation or investment property. 

• Refinance current mortgage. 

• Tap into their home’s equity. 

• Take advantage of a government-backed loan such as an FHA, VA or USDA mortgage. 

• Renovate their current or future home. 

• Have a mortgage with rates that change according to the market. 

• Get current mortgage rates for the life of their loan. 

Several of these options can be used at once. To learn more about the loan option that is best for you, connect with a trusted lender and start the appraisal process today! 

_{Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Refinancing your mortgage may increase costs over the term of your loan. Restrictions may apply.} 

_{Information provided is for educational purposes only. It should not be construed as financial or legal advice or instruction. Rate does not guarantee or assume liability for the accuracy, completeness or timelines of the information. You should conduct additional research before making any mortgage related decisions.} 

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