Cottonwood Shores at a glance
- Population: about 1,621 residents, ranking 665th of 1,224 Census places in Texas (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 1,405 residents at the 2020 Census (US Census Bureau, 2020 count).
- 2020 to 2023 change: roughly 15.4% higher than at the 2020 Census (US Census Bureau).
- Rank among Texas places: the 665th-largest of 1,224 (US Census Bureau, 2023 estimate).
- Size percentile: about 46% of places in Texas are smaller (US Census Bureau).
- Coordinates: 30.5550 latitude, -98.3276 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Meadowlakes, TX (2 mi); Marble Falls, TX (3 mi); Horseshoe Bay, TX (3 mi); Granite Shoals, TX (3 mi); Burnet, TX (15 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Highland Haven, TX (5 mi); Sunrise Beach Village, TX (6 mi); Double Horn, TX (8 mi) (Census populations).
What a personal loan costs in Cottonwood Shores
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Texas lending rules that apply in Cottonwood Shores
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Cottonwood Shores.
| 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 Cottonwood Shores
Run through this list before signing anything in Cottonwood Shores:
- 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.