Personal loans in Tatum, NM
In Tatum, one of 105 Census places in New Mexico, the figure to compare across lenders is the APR, not the advertised rate. With an estimated 681 residents, Tatum is the 73rd-largest of 105 places in New Mexico. The nearest larger city is Lovington, NM about 22 miles away. The 2020 count to the 2023 estimate shows about 3.5% decline in Tatum. State law, rather than federal rules alone, supplies the rate caps and licensing rules that reach Tatum's 681 residents. Get pre-qualified with several lenders, then compare APR rather than the headline rate for a Tatum loan.
Where Tatum stands
Set out below is Tatum's local context next to the state-level rules that reach every lender here.
- Population: about 681 people live here, which puts Tatum 73rd of 105 Census places in New Mexico (Vintage 2023).
- Population trend: Roughly 3.5% fewer residents than the 2020 Census counted.
- People gained or lost: about 25 fewer since the 2020 base.
- Size percentile: with 681 residents, Tatum is larger than about 30% of New Mexico's Census places.
- Density: the Census land area of 1.6 sq mi holds about 430 people per square mile.
- Land area rank: Tatum's 1.6 square miles rank 80th of 105 places in New Mexico.
- Within New Mexico: about 0.0% of the state's population lives in Tatum.
- Nationally: Tatum is the 11,910th-largest of 19,457 Census places in the dataset.
- Growth rank: Tatum's 2020-to-2023 change ranks 91st of 105 places in New Mexico.
- State comparison: New Mexico's places average -0.8% for 2020-to-2023, against Tatum's 3.5%.
- Density rank: Tatum places 57th among New Mexico's places by people per square mile.
- Against the state median: Tatum runs about 430 residents per square mile, where the New Mexico median is 475.
- Location: latitude 33.2554, longitude -103.3108 (Census Gazetteer).
- Nearest larger cities: Lovington (22 mi); Plains (29 mi); Denver City (34 mi); Hobbs (37 mi); Morton (45 mi). A bigger neighbour may offer more branches; the rate you see still follows your credit, not your address.
- Smaller places close by: Causey (44 mi); Dora (46 mi); Whiteface (47 mi).
- Within a 50-mile radius: 3 smaller Census places.
- Larger places within 100 miles: 43.
How New Mexico law applies in Tatum
For the roughly 681 residents of Tatum, the rules below are New Mexico's own; each row carries its publisher and retrieval date.
| 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 |
| 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 |
| Small loan company licensing/regulation | Small loan companies are a regulated institution category of the Financial Institutions Division Source says: "Small Loan Companies" | New Mexico Regulation and Licensing Department, Financial Institutions Division as of 2026-09-16 |
Land, water and location for Tatum
The Census Gazetteer records about 1.6 square miles of land within Tatum, with no significant water area listed. The resulting density is about 430 people per square mile. The largest place in New Mexico, Albuquerque, lies about 230 miles away. Tatum has 7 larger places within a 50-mile radius. The 100-mile radius contains 43 larger places.
Lender access in Tatum
At roughly 430 people per square mile, Tatum is lightly settled; 7 larger places lie within 50 miles. A New Mexico licence lets a lender serve Tatum without a local office, so branch density does not change what its 681 residents are offered. For a larger market, the closest option is Lovington, NM about 22 miles away.
How a Tatum personal loan is priced
With roughly 681 residents, Tatum is a small community; its personal loans are typically unsecured, priced from your credit rather than the city's size. A lender serving Tatum's 681 residents must disclose the APR and finance charge in writing before you sign. Shortening the term on a Tatum loan raises the monthly payment but cuts the interest; lengthening it does the reverse.
Where Tatum sits in New Mexico
Within New Mexico, Tatum holds roughly 0.0% of all residents, the 73rd-largest share among 105 places. For population change between 2020 and 2023, Tatum ranks 91st of 105 in New Mexico (about the 13th percentile). By density, at about 430 people per square mile, it ranks 57th in New Mexico. Between 2020 and 2023 the count changed by roughly 25 residents.
Common questions
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Nearby places
- Lovington, NM — population 11,237
- Plains, TX — population 1,328
- Hobbs, NM — population 39,386
- Denver City, TX — population 4,301
- Causey, NM — population 68
- Dora, NM — population 115
- Morton, TX — population 1,677
- Elida, NM — population 156