Personal loans in Farwell, TX
Roughly 1,380 residents live in Farwell, the 711th-largest community in Texas. Farwell counts about 1,380 people, and what is genuinely local about borrowing here is limited — Texas law does the governing.
Price two or three terms so you can see which payment is truly affordable in Farwell. Which products a lender may offer to Farwell's 1,380 residents follows from the Texas consumer-lending framework. Population in Farwell dropped about 3.2% over the three years from 2020 to 2023. The closest larger place is Clovis, NM about 10 miles away.
Farwell: population, trend and location
What follows is Farwell's place in the Census record, alongside the Texas rules that govern a personal loan made here.
- Population: an estimated 1,380 residents, 711th of 1,224 places in Texas (Census Vintage 2023 subcounty estimate).
- Population trend: Roughly 3.2% fewer residents than the 2020 Census counted.
- Net change: roughly 45 fewer people than the 2020 Census counted.
- Size percentile: about 42% of Texas's Census places are smaller than Farwell.
- Population density: about 1,689 people per square mile across 0.8 square miles of land (Census Gazetteer area, Vintage 2023 population).
- By land area: Farwell ranks 1,061st among Texas's 1,224 places, at 0.8 sq mi.
- State share: roughly 0.0% of Texas's residents live in Farwell (1,380 people).
- National rank: Farwell is 9,018th of 19,457 places nationwide.
- Growth rank: Farwell's 2020-to-2023 change ranks 1,109th of 1,224 places in Texas.
- Against the state trend: Farwell's 3.2% change compares with a Texas average of +6.5% across its 1,224 places.
- Density rank: Farwell places 236th among Texas's places by people per square mile.
- Density in context: Farwell's 1,689 people per square mile sit against a Texas median of 840.
- Location: 34.3856, -103.0373 (Census Gazetteer coordinates).
- Nearest larger cities: Clovis (10 mi); Bovina (13 mi); Muleshoe (21 mi); Portales (23 mi); Friona (25 mi). Any of them may have more branches, but statewide rules and your credit still set the price.
- Nearest smaller towns: Texico (1 mi); Floyd (33 mi); Melrose (34 mi) — useful context for the surrounding area.
- Smaller places within 50 miles: 11 of them.
- Larger places within 100 miles: 25.
Farwell on the map
Inside Farwell's boundaries lie about 0.8 square miles of land, with no significant water area recorded. With 1,380 residents, the land area yields roughly 1,689 people per square mile. The largest place in Texas, Houston, lies about 549 miles away. Farwell has 8 larger places within a 50-mile radius. By land area it ranks 1,061st of 1,224 Texas places.
What Texas law requires in Farwell
Read the table as a lender's compliance picture for Farwell: the rule, the sourced figure, the publisher and the date.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Texas Office of Consumer Credit Commissioner (OCCC) Source says: The OCCC licenses and regulates non-depository lenders in the state of Texas. | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 10% per year maximum; a greater rate is usurious unless otherwise provided by law (Tex. Fin. Code § 302.001) Source says: The maximum rate or amount of interest is 10 percent a year except as otherwise provided by law. | Texas Legislature (Texas Constitution and Statutes) as of 2026-09-16 |
| Payday lending status | Legal via licensed credit access businesses (payday/title-loan brokers); the third-party lender itself is not licensed (Tex. Fin. Code ch. 393) Source says: the credit access business that serves as the broker is the licensee in this regulated industry | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
Farwell's place among Texas's 1,224 places
Set beside Texas's 1,224 places, Farwell ranks 711th by population and holds about 0.0% of the state total. For population change between 2020 and 2023, Farwell ranks 1,109th of 1,224 in Texas (about the 9th percentile). At about 1,689 people per square mile, Farwell is the 236th most densely settled place in Texas. The population moved by about 45 people between 2020 and 2023, a 3.2% shift.
How a Farwell personal loan is priced
A Farwell personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 1,380 residents. The APR tracks your credit score rather than Farwell's rank of 711th in Texas: a strong file may earn a single-digit rate, while damaged credit can push the rate far higher. A longer term lowers the monthly payment on a Farwell loan but raises total interest, so the smallest payment is not the cheapest loan.
How lenders reach Farwell
Farwell is moderately settled, with about 1,689 people per square mile and 8 larger places within 50 miles. Whether Farwell has a local branch or not, a Texas-licensed lender can serve its 1,380 people online on the same terms. For a larger market, the closest option is Clovis, NM about 10 miles away.
Common questions
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Nearby places
- Texico, NM — population 922
- Clovis, NM — population 37,612
- Bovina, TX — population 1,649
- Muleshoe, TX — population 4,970
- Portales, NM — population 11,859
- Friona, TX — population 4,057
- Grady, NM — population 84
- Causey, NM — population 68