Falling Spring at a glance
- Population: about 169 residents, ranking 210th of 230 Census places in West Virginia (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: 173 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: down roughly 2.3% across the 2020-to-2023 comparison (US Census Bureau).
- Rank among West Virginia places: 210th out of 230 Census places (US Census Bureau).
- Size percentile: roughly 9% of West Virginia's places have fewer residents (US Census Bureau).
- Coordinates: latitude 37.9924, longitude -80.3570 (US Census Bureau Gazetteer).
- Nearest larger cities: Hillsboro, WV (13 mi); Lewisburg, WV (13 mi); White Sulphur Springs, WV (14 mi); Ronceverte, WV (18 mi); Rupert, WV (18 mi); each population is a US Census Bureau estimate.
- Nearest smaller towns: Camden-on-Gauley, WV (29 mi); New Castle, VA (37 mi); Thurmond, WV (39 mi) — US Census Bureau populations.
What a personal loan costs in Falling Spring
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
West Virginia lending rules that apply in Falling Spring
The sourced rows below are the rules a licensed lender must follow when lending in West Virginia, and therefore in Falling Spring.
| Rule | Detail | Source |
|---|---|---|
| Payday lending status | Traditional payday lending is generally prohibited; check cashers are regulated under W. Va. Code ch. 32A Source says: Traditional "Payday Lenders" are generally prohibited within this state. | West Virginia Division of Financial Institutions (WV DFI) as of 2026-09-16 |
| Small-loan / installment lender licensing | Regulated consumer lender license required from the Commissioner (W. Va. Code § 46A-4-101) Source says: Unless a person has first obtained a license from the commissioner authorizing the person to make regulated consumer loans | West Virginia Legislature (West Virginia Code) as of 2026-09-16 |
| State lending regulator | West Virginia Division of Financial Institutions (WV DFI) Source says: The West Virginia Division of Financial Institutions is charged with the regulation and supervision of financial institutions chartered by the State of West Virginia. | West Virginia Division of Financial Institutions (WV DFI) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 31% per year on unsecured loans of $3,500 or less; 27% on $3,500–$15,000; 18% above $15,000 (W. Va. Code § 46A-4-107) Source says: the loan finance charge, calculated according to the actuarial method, may not exceed 31 percent per year | West Virginia Legislature (West Virginia Code) as of 2026-09-16 |
How to compare offers in Falling Spring
The steps below are worth completing first when you borrow in Falling Spring:
- 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 West Virginia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.