Buffalo Gap at a glance
- Population: about 617, 931st by size in Texas of 1,224 places (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 544 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: about 13.4% more residents than the 2020 Census base (US Census Bureau).
- Rank among Texas places: 931st of the state's 1,224 Census places (US Census Bureau).
- Size percentile: larger than about 24% of the Census places in Texas (US Census Bureau).
- Coordinates: latitude 32.2833, longitude -99.8342 (US Census Bureau Gazetteer).
- Nearest larger cities: Tuscola, TX (5 mi); Tye, TX (12 mi); Abilene, TX (13 mi); Merkel, TX (17 mi); Clyde, TX (21 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: Lawn, TX (11 mi); Impact, TX (16 mi); Trent, TX (22 mi) — US Census Bureau populations.
What a personal loan costs in Buffalo Gap
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Texas lending rules that apply in Buffalo Gap
The table lists the Texas rules that apply to a loan made in Buffalo Gap, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Legal via licensed credit access businesses (payday/title-loan brokers); the third-party lender itself is not licensed (Tex. Fin. Code ch. 393) Source says: the credit access business that serves as the broker is the licensee in this regulated industry | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
| Small-loan / installment lender licensing | License required for non-depository lenders charging more than 10% interest; Chapter 342 governs consumer loans (Tex. Fin. Code § 342.051) Source says: Non-depository lenders who engage in making, transacting, or collecting loans with a rate of interest greater than 10% must be licensed by the OCCC. | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
| State lending regulator | Texas Office of Consumer Credit Commissioner (OCCC) Source says: The OCCC licenses and regulates non-depository lenders in the state of Texas. | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 10% per year maximum; a greater rate is usurious unless otherwise provided by law (Tex. Fin. Code § 302.001) Source says: The maximum rate or amount of interest is 10 percent a year except as otherwise provided by law. | Texas Legislature (Texas Constitution and Statutes) as of 2026-09-16 |
How to compare offers in Buffalo Gap
Run through this list before signing anything in Buffalo Gap:
- Pull your free credit reports and dispute any error — it is the cheapest way to improve the rate you are offered.
- Run your figures through the personal loan calculator on this site so you know the payment before a lender quotes one.
- Pre-qualify with at least three lenders and compare the APR, not the interest rate.
- Check that the lender is licensed in Texas using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.