Lamesa at a glance
- Population: 8,266 people, the 283rd-largest place among Texas's 1,224 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 8,674 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: about 4.7% below the 2020 Census base (US Census Bureau).
- Rank among Texas places: 283rd by size among 1,224 communities (US Census Bureau).
- Size percentile: it is larger than about 77% of the places in Texas (US Census Bureau).
- Coordinates: latitude 32.7333, longitude -101.9538 (US Census Bureau Gazetteer).
- Nearest larger cities: Brownfield, TX (36 mi); Big Spring, TX (44 mi); Andrews, TX (45 mi); Midland, TX (50 mi); Lubbock, TX (57 mi) (Census populations, approximate straight-line distance).
- Nearest smaller communities: Los Ybanez, TX (2 mi); O'Donnell, TX (18 mi); Ackerly, TX (20 mi), each a US Census place.
What a personal loan costs in Lamesa
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.
The offer you receive reflects the lender's read of your credit, income and debts, and the term controls the balance between payment size and total interest.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Texas lending rules that apply in Lamesa
The table carries the Texas rate and licensing rules that apply to consumer loans made in Lamesa.
| 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 Lamesa
Before you share your details with a lender in Lamesa:
- 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.