Personal loans in Lovington, NM
Which products a lender may offer to Lovington's 11,237 residents follows from the New Mexico consumer-lending framework. The Census estimates 11,237 residents in Lovington, which ranks it 18th of 105 places in New Mexico.
Personal loans in Lovington are mostly unsecured, so the APR reflects how a lender reads your credit — not the city's 11,237 population. The 2020 count to the 2023 estimate shows about 3.7% decline in Lovington. Get pre-qualified with several lenders, then compare APR rather than the headline rate for a Lovington loan. The next larger city is Hobbs, NM about 18 miles away.
Where Lovington stands
Only a few things actually differ by place — population, area, location, and the New Mexico rules a lender must follow — and they are below.
- Population: 11,237 residents; Lovington is the 18th-largest of 105 places in New Mexico (US Census Bureau, Vintage 2023).
- Population trend: Lower by roughly 3.7% since the 2020 count.
- Change in people: the 2020-to-2023 comparison is a loss of about 436 residents.
- Size percentile: Lovington's 11,237 people outrank roughly 83% of the places in New Mexico.
- Density: the Census land area of 11.2 sq mi holds about 1,004 people per square mile.
- Land area: Lovington covers 11.2 square miles, the 25th-largest area among New Mexico's 105 places.
- Water: Lovington holds about 0.03 square miles, the 29th-largest water area in New Mexico.
- Share of state population: Lovington's 11,237 residents are about 0.8% of New Mexico.
- National rank: Lovington is the 2,892nd most populous of the 19,457 Census places covered here.
- Growth in New Mexico: Lovington stands 93rd by percentage change from 2020 to 2023, among 105 places.
- Versus New Mexico: the state average change is -0.8%, while Lovington moved 3.7%.
- Density rank: Lovington places 26th among New Mexico's places by people per square mile.
- Density in context: Lovington's 1,004 people per square mile sit against a New Mexico median of 475.
- Location: 32.9445, -103.3492 (US Census Bureau Gazetteer).
- Nearest larger cities: Hobbs (18 mi); Artesia (63 mi); Andrews (63 mi); Carlsbad (64 mi); Levelland (72 mi). Living near a larger metro rarely changes what is available in Lovington.
- Smaller communities within reach: Tatum (22 mi); Denver City (30 mi); Plains (35 mi).
- Within a 50-mile radius: 6 smaller Census places.
- Larger places within 100 miles: 10.
What shapes a Lovington personal loan
With roughly 11,237 residents, Lovington is a small town; its personal loans are typically unsecured, priced from your credit rather than the city's size. The rate you see advertised is a range, not a promise, until a lender reviews your file in Lovington. Because the payment is fixed, the total cost of a Lovington loan is knowable in advance — unlike a revolving card balance.
New Mexico consumer-lending rules applied in Lovington
When New Mexico does not publish a figure, the row links to the source instead of inventing a number; Lovington is bound by the same rules.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | New Mexico Financial Institutions Division (FID), Regulation and Licensing Department Source says: "We regulate a variety of financial institutions operating in New Mexico including:" | New Mexico Regulation and Licensing Department, Financial Institutions Division as of 2026-09-16 |
| Payday lending status | Payday-style small loans capped at 36% APR (HB 132 of 2022; effective January 1, 2023; cap rises only if prime rate exceeds 10% for three consecutive months) Source says: "a permitted annual percentage rate greater than thirty-six percent, calculated pursuant to 12 CFR Part 1026" | New Mexico Legislature as of 2026-09-16 |
| Small-loan / installment lender licensing | Lenders making Bank Installment Loan Act loans (other than federally insured depositories) must be licensed under the Small Loan Act (2022 requirement) Source says: "a new requirement for lenders making loans under the BILA (other than a federally insured depository institution) to be licensed under the SLA" | New Mexico Legislature (Legislative Finance Committee fiscal impact report) as of 2026-09-16 |
Lovington against the rest of New Mexico
Set beside New Mexico's 105 places, Lovington ranks 18th by population and holds about 0.8% of the state total. Its 2020-to-2023 change ranks 93rd of 105 New Mexico places, putting it near the 11th percentile for growth. At about 1,004 people per square mile, Lovington is the 26th most densely settled place in New Mexico. The population moved by about 436 people between 2020 and 2023, a 3.7% shift.
Borrowing reach in Lovington
Lovington is moderately settled, with about 1,004 people per square mile and 1 larger places within 50 miles. Whether Lovington has a local branch or not, a New Mexico-licensed lender can serve its 11,237 people online on the same terms. The nearest larger city, Hobbs, NM about 18 miles away.
Land, water and location for Lovington
Inside Lovington's boundaries lie roughly 11.2 square miles of land and 0.03 square miles of water. The resulting density is about 1,004 people per square mile. For the state's biggest city, Albuquerque, the distance is roughly 241 miles. A 50-mile radius around Lovington takes in 1 places that are larger. The 100-mile radius contains 10 larger places.
Common questions
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Nearby places
- Hobbs, NM — population 39,386
- Tatum, NM — population 681
- Denver City, TX — population 4,301
- Eunice, NM — population 2,944
- Plains, TX — population 1,328
- Seminole, TX — population 7,231
- Seagraves, TX — population 2,227
- Jal, NM — population 2,105