Personal loans in Farmington, IA

If you are weighing a personal loan in Farmington, start from the payment you can carry; its 589 residents face the same statewide rules. A lender that serves Farmington operates under Iowa lending statutes and a Iowa supervisor. Pull your credit reports and line up at least three offers before you apply from Farmington. The next larger city is Donnellson, IA about 9 miles away.

Farmington by the numbers

Farmington is a small community; the notes below cover its population profile and the statewide rules that apply.

• Population: the Census counts 589 residents in Farmington (Vintage 2023 subcounty estimate), the 414th-largest figure among Iowa's 940 places.
• Population trend: A rise of about 1.0% from 2020 to 2023.
• People gained or lost: about 6 more since the 2020 base.
• Size percentile: roughly 56% of Iowa's places have fewer residents than Farmington's 589.
• Density: the Census land area of 0.5 sq mi holds about 1,275 people per square mile.
• Land area rank: Farmington's 0.5 square miles rank 677th of 940 places in Iowa.
• State share: roughly 0.0% of Iowa's residents live in Farmington (589 people).
• National standing: Farmington ranks 12,517th of 19,457 US places.
• Growth in Iowa: Farmington stands 149th by percentage change from 2020 to 2023, among 940 places.
• Versus Iowa: the state average change is -0.7%, while Farmington moved 1.0%.
• Density rank: Farmington is the 138th most densely settled place in Iowa.
• Density in context: Farmington's 1,275 people per square mile sit against a Iowa median of 672.
• Location: 40.6388, -91.7390 (US Census Bureau Gazetteer).
• Nearest larger cities: Donnellson (9 mi); Keosauqua (13 mi); Kahoka (15 mi); West Point (16 mi); Montrose (19 mi). Larger metros often have more branches, but online lenders reach Farmington on the same terms.
• Nearest smaller towns: Bonaparte (5 mi); Revere (11 mi); Franklin (12 mi) — useful context for the surrounding area.
• Smaller neighbours: 74 places smaller than Farmington sit within 50 miles.
• Within 100 miles: 208 places are larger than Farmington.

Farmington's place among Iowa's 940 places

Among Iowa's 940 places, Farmington sits at 414th for population, a share of roughly 0.0% of the state. For population change between 2020 and 2023, Farmington ranks 149th of 940 in Iowa (about the 84th percentile). Its roughly 1,275 residents per square mile place it 138th among Iowa's places. The population moved by about 6 people between 2020 and 2023, a 1.0% shift.

Borrowing reach in Farmington

Farmington is a moderately settled community of about 589 people, with 42 larger places inside a 50-mile radius. Whether Farmington has a local branch or not, a Iowa-licensed lender can serve its 589 people online on the same terms. For a larger market, the closest option is Donnellson, IA about 9 miles away.

Before you apply in Farmington

A sensible order of operations for a loan in Farmington, home to about 589 people:

1. Start with the credit file: order the reports, fix the errors, then apply.
2. Use the loan calculator to test the payment on your intended amount and term.
3. Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
4. Confirm the lender holds a Iowa licence by checking the regulator named above.
5. Borrow only what the purpose requires, not the maximum you are offered.
6. Write down the purpose of the loan and your repayment plan before you apply.
7. If debt is already a struggle, talk to a nonprofit credit counsellor before borrowing more.

None of these steps is Farmington-specific: the same Iowa licensing and disclosure rules reach all 589 residents.

The anatomy of a Farmington personal loan

Farmington is a small community of about 589 people, and the personal loans written here are mostly unsecured — no collateral, so the lender leans on your credit file. Because pricing is borrower-level, two people in Farmington can be quoted different APRs on the same amount and term. The term you choose in Farmington decides the split between a comfortable payment and the total interest you pay.

Which Iowa laws govern a loan in Farmington

Below are the Iowa rules that apply to a loan made in Farmington, each with the regulator that issued it.