Josephine at a glance
- Population: 7,113 (US Census Bureau, Vintage 2023 subcounty estimate), the 305th-largest of 1,224 places in Texas.
- 2020 Census base: 2,129 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: up roughly 234.1% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among Texas places: 305th in population of 1,224 places (US Census Bureau).
- Size percentile: about 75% of places in Texas are smaller (US Census Bureau).
- Coordinates: it sits at 33.0631, -96.3166 in the US Census Bureau Gazetteer.
- Nearest larger cities (120-mile radius): Royse City, TX (6 mi); Lavon, TX (7 mi); Fate, TX (9 mi); Rockwall, TX (12 mi); Wylie, TX (12 mi) (US Census Bureau).
- Nearest smaller places: Nevada, TX (4 mi); Caddo Mills, TX (5 mi); Farmersville, TX (7 mi) (US Census Bureau estimates).
What a personal loan costs in Josephine
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
Stretching the term lowers the monthly payment but raises the total interest you pay, so the smallest payment is not automatically the cheapest loan.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Texas lending rules that apply in Josephine
The table carries the Texas rate and licensing rules that apply to consumer loans made in Josephine.
| 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 Josephine
The order below is a sensible way to approach a loan in Josephine:
- 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.