Lakewood Village at a glance
- Population: 739 (US Census Bureau, Vintage 2023 subcounty estimate), the 892nd-largest of 1,224 places in Texas.
- 2020 Census base: 639 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: up about 15.6% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Texas places: 892nd largest of 1,224 (US Census Bureau).
- Size percentile: it exceeds roughly 27% of Texas's Census places by population (US Census Bureau).
- Coordinates: mapped at 33.1361, -96.9765 by the US Census Bureau Gazetteer.
- Nearest larger cities: Oak Point, TX (2 mi); Lake Dallas, TX (3 mi); Hackberry, TX (3 mi); Hickory Creek, TX (4 mi); Shady Shores, TX (4 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Hebron, TX (8 mi); Corral City, TX (15 mi); DISH, TX (19 mi), each a US Census place.
What a personal loan costs in Lakewood Village
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
APR, not the simple interest rate, reflects what the loan actually costs once fees are included; the personal loan calculator puts a figure on it.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Texas lending rules that apply in Lakewood Village
Every figure in the table below is sourced to a publisher with a date; where a state does not publish a number, we say so rather than estimate.
| 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 Lakewood Village
These steps are the ones that most affect the offer you receive in Lakewood Village:
- 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.