Personal loans in Colfax, IA

With an estimated 2,262 residents, Colfax is the 150th-largest of 940 places in Iowa. Judge Colfax offers on total cost, not on how quickly the money arrives. State law, not city hall, decides what a lender may do to Colfax's roughly 2,262 residents, and a state regulator supervises it. A larger market lies at Mitchellville, IA about 7 miles away.

Colfax by the numbers

Set out below is Colfax's local context next to the state-level rules that reach every lender here.

• Population: an estimated 2,262 residents, 150th of 940 places in Iowa (Census Vintage 2023 subcounty estimate).
• Population trend: A gain of roughly 0.3% between 2020 and 2023.
• Absolute change: 7 residents added between 2020 and 2023.
• Size percentile: Colfax's 2,262 people outrank roughly 84% of the places in Iowa.
• Population density: 883 people per square mile on 2.6 square miles of land.
• Land area: Colfax covers 2.6 square miles, the 158th-largest area among Iowa's 940 places.
• Water area: Colfax has 0.23 square miles of water, ranking 34th of 940 places in Iowa.
• Share of Iowa: Colfax holds about 0.1% of the state's population, some 2,262 people.
• National standing: Colfax ranks 7,191st of 19,457 US places.
• Growth in Iowa: Colfax stands 209th by percentage change from 2020 to 2023, among 940 places.
• State comparison: Iowa's places average -0.7% for 2020-to-2023, against Colfax's 0.3%.
• Density rank: Colfax places 335th among Iowa's places by people per square mile.
• Density in context: Colfax's 883 people per square mile sit against a Iowa median of 672.
• Location: coordinates 41.6798, -93.2363 (US Census Bureau Gazetteer).
• Nearest larger cities: Mitchellville (7 mi); Newton (10 mi); Bondurant (11 mi); Altoona (13 mi); Pleasant Hill (15 mi). A branch is convenient; it is not what sets your APR.
• Smaller places close by: Valeria (6 mi); Prairie City (6 mi); Mingo (6 mi).
• Smaller neighbours: 113 places smaller than Colfax sit within 50 miles.
• Larger places within 100 miles: 85.

The anatomy of a Colfax personal loan

A Colfax personal loan is an installment loan: a lump sum, then fixed monthly payments over a set term, priced off your credit rather than its 2,262 residents. A lender serving Colfax's 2,262 residents must disclose the APR and finance charge in writing before you sign. Because the payment is fixed, the total cost of a Colfax loan is knowable in advance — unlike a revolving card balance.

How lenders reach Colfax

With about 883 residents per square mile, Colfax is moderately settled, and 36 larger Census places sit within 50 miles. Whether Colfax has a local branch or not, a Iowa-licensed lender can serve its 2,262 people online on the same terms. The nearest larger city, Mitchellville, IA about 7 miles away.

Steps to take before a Colfax loan

A sensible order of operations for a loan in Colfax, home to about 2,262 people:

1. Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
2. Price the payment first with our personal loan calculator before any lender quotes you.
3. Gather at least three pre-qualified offers and line up the APR, not the headline rate.
4. Verify the lender's Iowa licence with the regulator listed on this page.
5. If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.
6. Look for an origination fee or prepayment penalty in the written disclosure.
7. Make sure the new payment leaves room in a budget you already keep.

In Colfax as elsewhere in Iowa, the written terms — not the advertisement — are what count for its 2,262 residents.

Where Colfax sits

The Census Gazetteer records 2.6 square miles of land and 0.23 square miles of water within Colfax. With 2,262 residents, the land area yields roughly 883 people per square mile. The state's population centre of gravity, Des Moines, is roughly 21 miles away. Colfax has 36 larger places within a 50-mile radius. By land area it ranks 158th of 940 Iowa places.

How Iowa law applies in Colfax

The rows below set out what a licensed lender must follow in Iowa, and so for Colfax's roughly 2,262 residents.