Hawk Cove at a glance
- Population: about 483 residents, ranking 990th of 1,224 Census places in Texas (US Census Bureau, Vintage 2023 subcounty estimate).
- 2020 Census base: the 2020 count put the population at 448 (US Census Bureau).
- 2020 to 2023 change: about 7.8% more residents than the 2020 Census base (US Census Bureau).
- Rank among Texas places: 990th by size among 1,224 communities (US Census Bureau).
- Size percentile: roughly 19% of places in Texas rank below it by population (US Census Bureau).
- Coordinates: 32.8840, -96.0833 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: West Tawakoni, TX (3 mi); Quinlan, TX (3 mi); East Tawakoni, TX (9 mi); Union Valley, TX (10 mi); Poetry, TX (11 mi), each a US Census place with its estimated population.
- Nearest smaller towns: Mobile City, TX (19 mi); Neylandville, TX (22 mi); Yantis, TX (30 mi) (US Census Bureau).
What a personal loan costs in Hawk Cove
A personal loan hands you a single sum and a repayment schedule of equal monthly installments over an agreed term.
The APR is the comparable price of a loan since it folds in fees; model any offer with the personal loan calculator first.
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.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Texas lending rules that apply in Hawk Cove
The sourced rows below are the rules a licensed lender must follow when lending in Texas, and therefore in Hawk Cove.
| Rule | Detail | Source |
|---|---|---|
| Small-loan / installment lender licensing | License required for non-depository lenders charging more than 10% interest; Chapter 342 governs consumer loans (Tex. Fin. Code § 342.051) Source says: Non-depository lenders who engage in making, transacting, or collecting loans with a rate of interest greater than 10% must be licensed by the OCCC. | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
| State lending regulator | Texas Office of Consumer Credit Commissioner (OCCC) Source says: The OCCC licenses and regulates non-depository lenders in the state of Texas. | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 10% per year maximum; a greater rate is usurious unless otherwise provided by law (Tex. Fin. Code § 302.001) Source says: The maximum rate or amount of interest is 10 percent a year except as otherwise provided by law. | Texas Legislature (Texas Constitution and Statutes) as of 2026-09-16 |
| Payday lending status | Legal via licensed credit access businesses (payday/title-loan brokers); the third-party lender itself is not licensed (Tex. Fin. Code ch. 393) Source says: the credit access business that serves as the broker is the licensee in this regulated industry | Texas Office of Consumer Credit Commissioner (OCCC) as of 2026-09-16 |
How to compare offers in Hawk Cove
Here is a short checklist for comparing personal loans in Hawk Cove:
- 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 Texas using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.