Rosemont at a glance
- Population: 292 — 136th in Maryland, which has 157 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 273 residents in the 2020 Census, per the US Census Bureau.
- 2020 to 2023 change: roughly 7.0% higher than at the 2020 Census (US Census Bureau).
- Rank among Maryland places: 136th by size among 157 communities (US Census Bureau).
- Size percentile: about 13% of Maryland's Census places are smaller (US Census Bureau).
- Coordinates: 39.3337, -77.6228 (Census Gazetteer, US Census Bureau).
- Nearest larger cities (120-mile radius): Brunswick, MD (1 mi); Lovettsville, VA (5 mi); Bolivar, WV (7 mi); Middletown, MD (9 mi); Sharpsburg, MD (11 mi) (US Census Bureau).
- Smaller places close by: Burkittsville, MD (4 mi); Harpers Ferry, WV (6 mi); Hillsboro, VA (11 mi) (US Census Bureau).
What a personal loan costs in Rosemont
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
The number to compare is the APR, not the interest rate, because the APR folds in origination fees and other charges; our personal loan calculator will show what a given amount and term would cost.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Maryland lending rules that apply in Rosemont
The sourced rows below are the rules a licensed lender must follow when lending in Maryland, and therefore in Rosemont.
| Rule | Detail | Source |
|---|---|---|
| State lending regulator | Office of Financial Regulation; Commissioner of Financial Regulation (Maryland Department of Labor) Source says: "is Maryland's consumer financial protection agency and financial services regulator" | Maryland Department of Labor as of 2026-09-16 |
| OFR consumer-loan interest-rate limits | 2.75%/month (33%/yr) on the first $1,000 of a loan ≤$2,000; 2%/month (24%/yr) thereafter and on loans over $2,000 Source says: "Maximum interest rate allowed by law is 2.75% per month or an annual interest rate of 33%" | Maryland Department of Labor, Office of Financial Regulation as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 24% per year effective simple interest for qualifying loans (Md. Code Com. Law § 12-103(c)); otherwise 8% (written agreement) or 18% Source says: "a lender may charge an effective rate of simple interest not in excess of 24 percent per year on the unpaid principal balance" | Maryland General Assembly as of 2026-09-16 |
| Payday lending status | Regulated as consumer loans: licensing and statutory interest-rate limits apply to payday-style loans (OFR) Source says: "they are prohibited from charging or receiving an interest rate that is greater than authorized by the laws of this State" | Maryland Department of Labor, Office of Financial Regulation as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer Lender license required to make loans under the Maryland Consumer Loan Law (Com. Law § 12-301 et seq.) Source says: "A Consumer Lender is a business that makes any loan or advance of money or credit under the Maryland Consumer Loan Law" | Maryland Department of Labor, Office of Financial Regulation as of 2026-09-16 |
How to compare offers in Rosemont
A few practical steps will make the process in Rosemont less costly:
- 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 Maryland using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.