Sequim at a glance
- Population: 8,203 people, the 105th-largest place among Washington's 281 Census places (US Census Bureau, Vintage 2023).
- 2020 Census base: 8,031 people counted in the 2020 Census (US Census Bureau).
- 2020 to 2023 change: up about 2.1% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Washington places: 105th-largest of 281 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: about 63% of places in Washington are smaller (US Census Bureau).
- Coordinates: latitude 48.0737, longitude -123.0878 (US Census Bureau Gazetteer).
- Nearest larger cities: Port Townsend, WA (14 mi); Port Angeles, WA (17 mi); Oak Harbor, WA (26 mi); Poulsbo, WA (31 mi); Anacortes, WA (36 mi); each population is a US Census Bureau estimate.
- Nearest smaller towns: Coupeville, WA (21 mi); Langley, WA (32 mi); Friday Harbor, WA (32 mi) — US Census Bureau populations.
What a personal loan costs in Sequim
Personal loans are closed-end installment debt, so the monthly payment and the payoff date are known from the start.
APR is the figure that lets you compare like with like, since it wraps fees into the rate; run your own numbers with the personal loan calculator.
Lenders weigh your credit history, income and debts when they set the rate, and the term you choose then determines how that rate compounds into total cost.
Before you borrow, decide what the loan is for and whether the monthly payment fits a budget you can already meet without taking on new debt.
Washington lending rules that apply in Sequim
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 | Washington State Department of Financial Institutions (DFI) Source says: DFI licenses and regulates financial institutions and service providers in Washington. | Washington State Department of Financial Institutions (DFI) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per annum, or four points above the Federal Reserve bill rate, whichever is higher (RCW 19.52.020) Source says: any rate of interest shall be legal so long as the rate of interest does not exceed the higher of: (a) Twelve percent per annum | Washington State Legislature (RCW) as of 2026-09-16 |
| Payday lending status | Licensed; small loans capped at $700 or 30% of monthly income, max 45 days, fees 15% on first $500 and 10% above (RCW 31.45) Source says: Payday lenders must be licensed by DFI — including online lenders that do business with Washington residents. | Washington State Department of Financial Institutions (DFI) as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer Loan Company license required (Consumer Loan Act, RCW 31.04.035) Source says: No person may engage in any activity subject to this chapter without first obtaining and maintaining a license in accordance with this chapter. | Washington State Legislature (RCW) as of 2026-09-16 |
How to compare offers in Sequim
Before you commit to a personal loan in Sequim, work through these steps:
- 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 Washington using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.