Forsan at a glance
- Population: 215 — 1,147th in Texas, which has 1,224 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 226 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: down about 4.9% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Texas places: 1,147th of 1,224 by population (US Census Bureau, Vintage 2023).
- Size percentile: larger than about 6% of the Census places in Texas (US Census Bureau).
- Coordinates: 32.1103, -101.3668 (US Census Bureau Gazetteer).
- Nearest larger cities: Big Spring, TX (11 mi); Coahoma, TX (13 mi); Stanton, TX (25 mi); Sterling City, TX (29 mi); Ackerly, TX (35 mi), each a US Census place with its estimated population.
- Nearest smaller towns: Westbrook, TX (27 mi); Los Ybanez, TX (53 mi); Impact, TX (98 mi) — US Census Bureau populations.
What a personal loan costs in Forsan
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.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
The term is the lever: extend it and the payment falls while total interest climbs; shorten it and the reverse happens.
A payment that strains the budget is a warning sign; a smaller loan or a little more saving time is the safer route.
Texas lending rules that apply in Forsan
The table carries the Texas rate and licensing rules that apply to consumer loans made in Forsan.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Forsan
Before you commit to a personal loan in Forsan, work through these steps:
- 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.