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Noble Credit Union this week announced the launch of a 40-year mortgage product, designed to offer a more affordable and accessible alternative to traditional 30-year mortgages.

The new mortgage product features lower rates, providing borrowers with the opportunity to save more over the life of the loan, according to a news release.

“While a 40-Year Mortgage may be a new concept for some, it offers distinct advantages for those looking to purchase their first home,” said Gino Cayanan, president and CEO of Noble Credit Union. “It provides a stable mortgage solution that aligns with the financial needs of first-time homebuyers, allowing them to invest in their future and start building generational wealth.”

Noble Credit Union is one of the largest credit unions in the Central Valley, with more than 115,000 members and assets of $1.27 billion, according to the National Credit Union Administration.

Noble Credit Union was voted 2023’s Best Credit Union as part of the Best of Central Valley Business Readers’ Choice Awards.