Buffalo Springs Lake at a glance
- Population: about 448 residents, ranking 1,004th of 1,224 Census places in Texas (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 468 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: about 4.3% lower than the 2020 Census base (US Census Bureau).
- Rank among Texas places: 1,004th out of 1,224 Census places (US Census Bureau).
- Size percentile: it is larger than about 18% of the places in Texas (US Census Bureau).
- Coordinates: the Census Gazetteer places it at 33.5337, -101.6976.
- Nearest larger cities: Ransom Canyon, TX (1 mi); Slaton, TX (7 mi); Idalou, TX (9 mi); Lubbock, TX (11 mi); Lorenzo, TX (13 mi); US Census Bureau population estimates.
- Nearest smaller towns: Wilson, TX (15 mi); New Home, TX (19 mi); Smyer, TX (27 mi) (US Census Bureau).
What a personal loan costs in Buffalo Springs Lake
A personal loan is structured as an installment plan, with a set number of monthly payments and a fixed amount due each time.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
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 Springs Lake
Read the table as the compliance picture for a lender serving Buffalo Springs Lake: label, sourced figure, publisher and date.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Buffalo Springs Lake
These steps are the ones that most affect the offer you receive in Buffalo Springs Lake:
- 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.