Personal loans in Newsoms, VA
Newsoms is one of 227 Census places in Virginia; its 281 residents put it at 195th. The roughly 281 people who live in Newsoms borrow under Virginia rules; city hall sets no personal-loan rate.
The 2020 count to the 2023 estimate shows about 0.7% decline in Newsoms. Read the disclosure for an origination fee and any prepayment penalty before signing in Newsoms. Every figure below is Virginia's own, applied to Newsoms's 281 residents, with the publisher and retrieval date attached. The nearest larger metro is Boykins, VA about 5 miles away.
What the Census records for Newsoms
Read the local figures below as context; read the sourced Virginia table as the rulebook a lender here must follow.
- Population: 281 residents; Newsoms is the 195th-largest of 227 places in Virginia (US Census Bureau, Vintage 2023).
- Population trend: About 0.7% below the 2020 Census base.
- Absolute change: 2 residents lost between 2020 and 2023.
- Size percentile: Newsoms's 281 people outrank roughly 14% of the places in Virginia.
- Population density: about 562 people per square mile across 0.5 square miles of land (Census Gazetteer area, Vintage 2023 population).
- By land area: Newsoms ranks 196th among Virginia's 227 places, at 0.5 sq mi.
- Share of Virginia: Newsoms holds about 0.0% of the state's population, some 281 people.
- Nationally: Newsoms is the 15,351st-largest of 19,457 Census places in the dataset.
- Growth rank: Newsoms's 2020-to-2023 change ranks 120th of 227 places in Virginia.
- State comparison: Virginia's places average -0.0% for 2020-to-2023, against Newsoms's 0.7%.
- Density rank: Newsoms places 157th among Virginia's places by people per square mile.
- Density vs Virginia: Newsoms's 562 people per square mile compare with a state median of 823.
- Location: 36.6262, -77.1248 (US Census Bureau Gazetteer).
- Nearest larger cities: Boykins (5 mi); Courtland (7 mi); Franklin (11 mi); Murfreesboro (13 mi); Conway (14 mi). Living near a larger metro rarely changes what is available in Newsoms.
- Smaller places nearby: Capron (7 mi); Branchville (8 mi); Severn (9 mi).
- Smaller places within 50 miles: 20 of them.
- At 100 miles: 163 larger Census places fall inside that radius.
Newsoms on the map
Newsoms's land area is roughly 0.5 square miles, and the Gazetteer records no significant water area within it. That land carries about 562 people per square mile. For the state's biggest city, Virginia Beach, the distance is roughly 62 miles. Newsoms has 44 larger places within a 50-mile radius. Within the same 50 miles lie 20 smaller Census places.
Newsoms's place among Virginia's 227 places
Set beside Virginia's 227 places, Newsoms ranks 195th by population and holds about 0.0% of the state total. On the 2020-to-2023 trend, Newsoms stands 120th among Virginia's 227 places — roughly the 47th percentile. By density, at about 562 people per square mile, it ranks 157th in Virginia. Between 2020 and 2023 the count changed by roughly 2 residents.
Virginia consumer-lending rules applied in Newsoms
Virginia has no separate rate rule for Newsoms; the sourced rows below are what reach every lender that serves its 281 people.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Virginia State Corporation Commission, Bureau of Financial Institutions (BFI) Source says: The Bureau of Financial Institutions (BFI) is a regulatory division of the Virginia State Corporation Commission (SCC.) | Virginia State Corporation Commission (SCC) as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer finance license required from the State Corporation Commission (Va. Code § 6.2-1501) Source says: No person shall engage in the business of making loans to individuals for personal, family, household, or other nonbusiness purposes | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per year maximum contract rate, except as otherwise permitted by law (Va. Code § 6.2-303) Source says: no contract shall be made for the payment of interest on a loan at a rate that exceeds 12 percent per year | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
Borrowing reach in Newsoms
Newsoms is a moderately settled community of about 281 people, with 44 larger places inside a 50-mile radius. Distance to a branch rarely matters for Newsoms's 281 residents: the application is online and the price follows your credit file. The nearest larger city, Boykins, VA about 5 miles away.
What to do before borrowing in Newsoms
For Newsoms's roughly 281 residents, these are the steps that most influence the offer:
- Get your credit reports, dispute what is wrong, and only then start shopping.
- Use the loan calculator to test the payment on your intended amount and term.
- Line up several pre-qualified offers and let the APR decide.
- Make sure the lender appears in the Virginia regulator's licence list.
- Make sure the new payment leaves room in a budget you already keep.
- Pick the shortest term whose payment you can comfortably afford.
- Do not borrow more than the expense calls for, even if a lender approves a larger amount.
In Newsoms as elsewhere in Virginia, the written terms — not the advertisement — are what count for its 281 residents.
Common questions
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Nearby places
- Boykins, VA — population 512
- Courtland, VA — population 1,289
- Capron, VA — population 138
- Severn, NC — population 182
- Branchville, VA — population 120
- Como, NC — population 62
- Murfreesboro, NC — population 2,371
- Franklin, VA — population 8,339