Farmington at a glance
- Population: roughly 135 people; 277th of 281 places in Washington (Census Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 count put the population at 132 (US Census Bureau).
- 2020 to 2023 change: about 2.3% more residents than the 2020 Census base (US Census Bureau).
- Rank among Washington places: 277th largest of 281 (US Census Bureau).
- Size percentile: about 1% of Washington's Census places are smaller (US Census Bureau).
- Coordinates: latitude 47.0887, longitude -117.0464 (US Census Bureau Gazetteer).
- Nearest larger cities: Garfield, WA (7 mi); Tekoa, WA (9 mi); Oakesdale, WA (10 mi); Palouse, WA (12 mi); Onaway, ID (13 mi); US Census Bureau population estimates.
- Nearest smaller towns: Tensed, ID (8 mi); Waverly, WA (19 mi); Lamont, WA (41 mi) — US Census Bureau populations.
What a personal loan costs in Farmington
The defining feature of a personal loan is the fixed installment: the same payment every month until the term ends.
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.
Shop with more than one lender and treat pre-qualification as an estimate, since the final terms follow a full application.
Washington lending rules that apply in Farmington
The table lists the Washington rules that apply to a loan made in Farmington, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Farmington
Here is a short checklist for comparing personal loans in Farmington:
- 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.