Personal loans in Farmington, MS

Rate ceilings, licensing requirements and product limits for Farmington are all set at the Mississippi level.

By the Personalloaner Editorial Team · Last updated 2026-09-16

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Farmington is a small community in Mississippi, with an estimated 2,015 residents, and every licensed lender here follows the same state rulebook. At about 2,015 residents, Farmington is larger than roughly 68% of the places in Mississippi. Farmington lost roughly 2.1% of its population across the 2020-to-2023 comparison. Work out your debt-to-income ratio first; lenders weigh it heavily, and Farmington's 2,015 residents are no exception. The next larger city is Corinth, MS about 4 miles away.

What the Census records for Farmington

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

What is available to Farmington borrowers

With about 316 residents per square mile, Farmington is lightly settled, and 25 larger Census places sit within 50 miles. Lenders licensed in Mississippi reach Farmington's 2,015 residents online, so the nearest branch is not what sets your APR. For a larger market, the closest option is Corinth, MS about 4 miles away.

Land, water and location for Farmington

Farmington's land area is about 6.4 square miles; a further 0.01 square miles is water. With 2,015 residents, the land area yields roughly 316 people per square mile. Jackson, the largest place in Mississippi, is about 207 miles from Farmington. A 50-mile radius around Farmington takes in 25 places that are larger. Within the same 50 miles lie 51 smaller Census places.

What Mississippi law requires in Farmington

When Mississippi does not publish a figure, the row links to the source instead of inventing a number; Farmington is bound by the same rules.

RuleDetailSource
State lending regulatorMississippi Department of Banking and Consumer Finance (DBCF)
Source says: "The Mississippi Department of Banking and Consumer Finance's (DBCF) mission is to regulate, supervise and safeguard financial institutions chartered and licensed in Mississippi"
Mississippi Department of Banking and Consumer Finance
as of 2026-09-16
Payday lending statusLegal and licensed — check cashers (delayed-deposit/payday transactions) are licensed consumer-finance industries regulated by DBCF (Miss. Code § 75-67-501 et seq.)
Source says: "These industries include Money Transmitter, Small Loan, Check Cashers, Pawnbroker, Title Pledge, Consumer Loan Broker"
Mississippi Department of Banking and Consumer Finance
as of 2026-09-16
Small-loan / installment lender licensingSmall loan license required (Small Loan Regulatory Law; Miss. Code § 75-67-105)
Source says: "No person shall engage in the business of lending money ... without being the holder of a valid and subsisting license"
Mississippi Department of Banking and Consumer Finance
as of 2026-09-16

Farmington in state context

Set beside Mississippi's 299 places, Farmington ranks 97th by population and holds about 0.1% of the state total. On the 2020-to-2023 trend, Farmington stands 115th among Mississippi's 299 places — roughly the 62th percentile. At about 316 people per square mile, Farmington is the 204th most densely settled place in Mississippi. By land area, its 6.4 square miles rank 90th of 299 places in Mississippi.

Before you apply in Farmington

These steps shape the offer you get in Farmington, a place of about 2,015 people:

  1. Get all three reports, dispute anything wrong, and keep the corrected file for your applications.
  2. Run the numbers on the personal loan calculator so you know the payment before you apply.
  3. Pre-qualify with three or more lenders, then compare the APR rather than the interest rate.
  4. Confirm the lender holds a Mississippi licence by checking the regulator named above.
  5. Pick the shortest term whose payment you can comfortably afford.
  6. Keep the amount to the expense; an approval is not a reason to take more.
  7. Write down the purpose of the loan and your repayment plan before you apply.

The process is identical across Mississippi; what changes is your credit file, not the fact that Farmington holds 2,015 people.

How we get paid: if you apply through the link above, a lending partner may send us a referral fee. It never changes the rate you are offered or what we publish. We are not a lender and we do not process applications. The lowest rates are only available to the most qualified applicants. Full disclosure.

Common questions

What are my options in Farmington if my credit is poor?
Borrowing is still possible, but expect a higher APR and a smaller approved amount. Lenders that accept lower scores hold statewide licences, so what is open to you in Farmington is the same as anywhere in Mississippi.
What loan size can I expect in Farmington?
Most personal loans sit somewhere between $1,000 and $50,000, though the figure you are approved for turns on the lender, your income and your credit. Model the monthly payment first with our personal loan calculator.
Do I have to pledge anything to borrow in Farmington?
For an unsecured personal loan, no — there is nothing to pledge. A secured loan, such as home equity or one secured by a vehicle, does require collateral, and default puts that asset at risk.
Does comparing loans in Farmington cost me credit score points?
Not during pre-qualification, which normally uses a soft pull and leaves your score alone. Submitting a full application triggers a hard inquiry, which can trim a few points briefly.

Nearby places

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