Mingus at a glance
- Population: a Census-estimated 236, placing it 1,134th among Texas's 1,224 places (Vintage 2023 subcounty estimate).
- 2020 Census base: 223 people at the 2020 Census, the baseline for the trend below (US Census Bureau).
- 2020 to 2023 change: an increase of about 5.8% since the 2020 count (US Census Bureau).
- Rank among Texas places: 1,134th of the state's 1,224 Census places (US Census Bureau).
- Size percentile: larger than about 7% of the Census places in Texas (US Census Bureau).
- Coordinates: 32.5363 latitude, -98.4249 longitude (US Census Bureau Gazetteer).
- Nearest larger cities within 120 miles: Gordon, TX (3 mi); Strawn, TX (4 mi); Ranger, TX (15 mi); Lipan, TX (22 mi); Eastland, TX (25 mi) (US Census Bureau).
- Smaller towns nearby: Cool, TX (30 mi); Moran, TX (43 mi); Putnam, TX (46 mi) (US Census Bureau).
What a personal loan costs in Mingus
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
Compare every quote on APR because it includes the fees the interest rate hides, and check the payment with our personal loan calculator.
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.
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 Mingus
The Texas rate caps and licensing rules that reach Mingus are listed below, each with its source and retrieval date.
| 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 Mingus
The order below is a sensible way to approach a loan in Mingus:
- 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.