Homer at a glance
- Population: 2,610 (US Census Bureau, Vintage 2023 subcounty estimate), the 98th-largest of 302 places in Louisiana.
- 2020 Census base: 2,746 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: population fell about 5.0% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Louisiana places: 98th in population of 302 places (US Census Bureau).
- Size percentile: ahead of around 68% of Louisiana places in population terms (US Census Bureau).
- Coordinates: latitude 32.7938, longitude -93.0591 (US Census Bureau Gazetteer).
- Nearest larger cities: Minden, LA (17 mi); Springhill, LA (27 mi); Grambling, LA (28 mi); Ruston, LA (31 mi); Haughton, LA (32 mi), each a US Census place with its estimated population.
- Smaller places nearby: Athens, LA (10 mi); Lisbon, LA (11 mi); Haynesville, LA (13 mi), per US Census Bureau estimates.
What a personal loan costs in Homer
Personal loans are installment credit — one lump sum, repaid in equal monthly installments across a fixed term you agree to up front.
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.
A longer term reduces what you owe each month and increases the total interest, which is the trade-off to weigh before choosing one.
Pre-qualification is a good first filter: it shows the rate and amount a lender may offer before you agree to a full application and a hard inquiry.
Louisiana lending rules that apply in Homer
Where a figure is not published by the state, the row points to the source instead of guessing.
| Rule | Detail | Source |
|---|---|---|
| Licensed-lender consumer loan finance charge caps | 36% first $1,400; 27% to $4,000; 24% to $7,000; 21% above (R.S. 9:3519(A)) Source says: "Thirty-six percent per year for that portion of the unpaid principal amount of the loan not exceeding one thousand four hundred dollars" | Louisiana State Legislature as of 2026-09-16 |
| Maximum legal interest rate (usury cap) | 12% per annum maximum conventional interest (La. R.S. 9:3500(C)(1)) Source says: "The amount of the conventional interest cannot exceed twelve percent per annum." | Louisiana State Legislature as of 2026-09-16 |
| Payday lending status | Legal and licensed — deferred presentment and small loans ($350 or less, 60 days or less) under OFI-issued licenses Source says: "Persons who make loans of $350 or less for a term of 60 days or less." | Louisiana Office of Financial Institutions as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer loan license required from OFI before making consumer loans Source says: "Persons who wish to engage in the business of making consumer loans must hold a consumer loan license issued by this Office" | Louisiana Office of Financial Institutions as of 2026-09-16 |
| State lending regulator | Louisiana Office of Financial Institutions (OFI), Non-Depository Division Source says: "OFI is responsible for the supervision of various entities which provide financial services to the citizens of the State of Louisiana." | Louisiana Office of Financial Institutions as of 2026-09-16 |
How to compare offers in Homer
A few practical steps will make the process in Homer less costly:
- 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 Louisiana using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.