Hamilton at a glance
- Population: 607 (US Census Bureau, Vintage 2023 subcounty estimate), the 158th-largest of 227 places in Virginia.
- 2020 Census base: the 2020 Census recorded 618 residents here (US Census Bureau).
- 2020 to 2023 change: a decline of roughly 1.8% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Virginia places: 158th by size among 227 communities (US Census Bureau).
- Size percentile: about 30% of Virginia's Census places are smaller (US Census Bureau).
- Coordinates: 39.1350 latitude, -77.6640 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Purcellville, VA (3 mi); Round Hill, VA (6 mi); Leesburg, VA (6 mi); Lovettsville, VA (9 mi); Middleburg, VA (12 mi) — straight-line distances, US Census Bureau populations.
- Nearest smaller places: Hillsboro, VA (5 mi); Harpers Ferry, WV (14 mi); Rosemont, MD (14 mi) (US Census Bureau estimates).
What a personal loan costs in Hamilton
With an installment loan the payment is fixed for the life of the loan, so the schedule is predictable from the first month to the last.
Compare offers on APR rather than the headline rate — the APR includes most fees, and you can model the total with our personal loan calculator.
Choosing a longer term eases the monthly budget but adds interest over the life of the loan; a shorter term costs more per month and less overall.
A useful rule is to keep the new payment inside the room your budget already has, so the loan eases pressure instead of adding to it.
Virginia lending rules that apply in Hamilton
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 12% per year maximum contract rate, except as otherwise permitted by law (Va. Code § 6.2-303) Source says: no contract shall be made for the payment of interest on a loan at a rate that exceeds 12 percent per year | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
| Payday lending status | Legal via licensed short-term lenders; interest capped at a 36% simple annual rate plus limited fees (Va. Code § 6.2-1817) Source says: Interest at a simple annual rate not to exceed 36 percent | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer finance license required from the State Corporation Commission (Va. Code § 6.2-1501) Source says: No person shall engage in the business of making loans to individuals for personal, family, household, or other nonbusiness purposes | Virginia General Assembly (Code of Virginia) as of 2026-09-16 |
| State lending regulator | Virginia State Corporation Commission, Bureau of Financial Institutions (BFI) Source says: The Bureau of Financial Institutions (BFI) is a regulatory division of the Virginia State Corporation Commission (SCC.) | Virginia State Corporation Commission (SCC) as of 2026-09-16 |
How to compare offers in Hamilton
Before you share your details with a lender in Hamilton:
- 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 Virginia using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.