Listicle · AFG White-Label · April 2026

7Things About AFG Home Loans Options — The 1,370-Product White-Label Range

Item: AFG Home Loans Options
Rating: 4.1
Author: Richard Esteb

AFG Home Loans Options is the prime white-label lending brand from Australian Finance Group, Australia's largest mortgage aggregator. Broker-channel-only, funded through AFG's warehouse facility, with the deepest product shelf of any lender on our accredited panel. Seven things brokers know about Options that most borrowers don't.

Richard Esteb, Licensed Broker (Credit Rep #574071) · Published 20 April 2026 · Live panel data

Disclosure: Esteb and Co operates under AFG's aggregator framework. That is the structural relationship — it does not mean we preference AFG Home Loans products. We price every AFG brand against the full 105-lender panel on every file. When AFG Options wins, it wins on merit.

1,370 products is the largest shelf on our entire 105-lender panel

AFG Options carries 1,370 active home loan products through our panel — more than Westpac (237), HSBC (183), NAB (128) or CBA (150). The breadth reflects the AFG warehouse structure: Options offers variable, fixed (1 through 10-year terms), OO and investment, P&I and IO, across six LVR tiers and three loan-size bands. Essentially every combination of borrower profile has a matching Options product.

Broker reality: The 1,370-product count is a symptom of deep LVR and term matrix combinations, not genuinely different products. A broker typically surfaces 3–4 Options products per file rather than navigating 1,370 — but the sheer matrix depth means Options almost always has a tier-matched product for any mainstream file.

10-year fixed is on the menu — rare on the Australian panel

Options offers 1, 2, 3, 5, 7 and 10-year fixed-rate terms. Among these, 7-year and 10-year fixed rates are rarely available on the mainstream Australian home loan market — most lenders cap fixed terms at 5 years. For a borrower who wants genuine long-term rate certainty (e.g., locking in for the next RBA cycle), Options is one of the few panel options.

In April 2026 the 5-year and 10-year fixed both sit at 6.39% for OO P&I below 55% LVR — materially above current variable (5.38–5.88% at peer lenders) but a hedge against future rate increases.

Cheapest Options rate is 6.39% — mid-pack on the panel

6.39% variable OO below 55% LVR is the cheapest Options tier. Against peer mainstream lenders (Bank Australia 5.38%, Heritage 5.49%, Bank of Sydney 5.69%), Options is not the sharpest prime rate on the panel. The shelf depth and the 7.0x DTI are the reasons to submit, not the headline rate.

7.0x DTI matches the Big 4 — generous by mutual/non-bank standards

Options runs a 7.0x DTI cap, matching CBA, NAB, ANZ and Westpac. The mutual tier (Heritage, Beyond, Newcastle Permanent) caps at 6.5x. For capacity-constrained files, Options offers 8–12% more borrowing capacity than the mutual pack on identical income/expense profiles. For high-debt-existing borrowers this often matters more than the rate differential.

95% investment LVR — rare for a non-bank

Options caps investment at 95% LVR — matching MyState, Newcastle Permanent and Credit Union SA as the small group of institutional lenders that'll write investment high-LVR. Most non-banks cap investment at 90%. For high-LVR investor files (5–10% deposit), Options should sit on the pricing shortlist alongside MyState and Newcastle Permanent.

$995 application fee is the catch

The application fee on Options is $995, plus a $180 annual. This is high — Bank Australia, P&N Bank and BCU charge $0/$0; Heritage charges $600/$96. Over a 5-year hold on Options the fee load totals approximately $1,895. On smaller loans (sub-$400k) this erodes the rate-and-policy advantages. Options is correctly priced for $500k+ loans where the fee spreads over a meaningful loan size.

Broker math: Options' $995 app fee vs Bank Australia's $0 is worth roughly 0.03% of rate per year over a 5-year hold on a $650k loan. If Options' rate is not at least 0.03% sharper or the DTI advantage is not needed, route to a zero-fee peer instead.

Options is the right answer for complex structural files

AFG Options wins on scenarios requiring specific LVR/term/fixed combinations that narrower lenders can't accommodate — investor files with multi-split structures, mix of variable/fixed/IO/P&I splits, or 7-10 year fixed certainty. For a vanilla sub-$500k OO P&I file, Options is rarely the cheapest; for structural complexity it is often the only lender that has a matching product.

For standard mainstream borrowers with 10-20% deposit on a sub-$600k purchase, our default route is to price Options against Bank Australia, Heritage Bank and a Big 4 discount offer. Options wins the shortlist roughly 15% of the time — mostly where the 7.0x DTI or the 95% investment policy matters.

AFG Home Loans Options — April 2026 Snapshot

Live data from our 105-lender panel · refreshed monthly

Products

1,370

Largest on panel

Cheapest OO

6.39%

<55% LVR var/fixed

Max OO LVR

95%

Via HGS

Max Inv LVR

95%

Rare non-bank

DTI Cap

7.0x

Big-4 equivalent

Assessment

8.50%

Mid-pack

App fee

$995

High

Annual fee

$180

Mid

10yr Fixed

Yes

Rare long-term lock

Offset

Yes

Supported

Construction

Yes

Standard

Family Gtee

Not accepted

Does your file need AFG Options' structural depth or the 95% investment LVR?

We'll price Options against the three closest mainstream alternatives for your specific scenario. Aggregator disclosure applied; we never preference AFG brands on merit. Quick run-through, no signup.

Run the comparison

What is AFG Home Loans Options?

AFG Home Loans Options is the prime white-label home loan brand from Australian Finance Group — Australia's largest mortgage aggregator. Broker-channel only, funded through AFG's wholesale warehouse facility. Regulated under Australian Credit Licence requirements.

Why does AFG Options have 1,370 products?

The shelf depth reflects combinations across LVR bands, variable/fixed terms, OO/investment, P&I/IO and loan-size tiers. Brokers typically surface 3-4 products per file; the full 1,370 is a product matrix rather than 1,370 genuinely distinct offerings.

What is Options' cheapest rate?

6.39% variable OO P&I below 55% LVR. Fixed rates from 1-10 years are also 6.39% at the same LVR band — Options' unusual flat pricing across variable and fixed terms.

Does AFG Options do 10-year fixed rates?

Yes — one of few lenders on our panel offering 7-year and 10-year fixed terms. For genuine long-term rate certainty this is a structural advantage.

What are the fees?

$995 application fee, $180 annual fee. High compared to fee-free peers; mid-pack compared to Big 4 with equivalent discount offers.

Does AFG Options lend at 95% LVR on investment?

Yes — one of a small number of lenders on our panel that writes investment at 95% LVR. Matches MyState, Newcastle Permanent and Credit Union SA on high-LVR investment.

Is AFG Options a conflict of interest for Esteb and Co?

Esteb and Co operates under AFG's aggregator framework. This is disclosed at client engagement. We price AFG brands (Options, Retro, Alpha etc) against the full 105-lender panel on every file. AFG brands win approximately 15% of our file volume; no preferencing above merit.

Does AFG Options offer family guarantees?

No. For family guarantee files route to Beyond Bank, Newcastle Permanent or Great Southern Bank.

Richard Esteb

Licensed Mortgage Broker & Founder

ASIC Credit Rep #574071 · ACN 681 636 056

As an AFG-aggregated broker I price AFG Options transparently against the rest of the panel on every file. Options typically wins on complex structural splits or files needing the 95% investment LVR; for vanilla files, mainstream peers usually price sharper. Refreshed 8 April 2026.