Homestown at a glance
- Population: 72 (US Census Bureau, Vintage 2023 subcounty estimate), the 839th-largest of 937 places in Missouri.
- 2020 Census base: 77 residents (US Census Bureau, 2020 Census).
- 2020 to 2023 change: population fell about 6.5% (US Census Bureau Vintage 2023 estimate vs 2020 Census).
- Rank among Missouri places: 839th of the state's 937 Census places (US Census Bureau).
- Size percentile: roughly 10% of places in Missouri rank below it by population (US Census Bureau).
- Coordinates: 36.3318, -89.8242 (Census Gazetteer, US Census Bureau).
- Nearest larger cities: Wardell, MO (2 mi); Pascola, MO (4 mi); Hayti Heights, MO (8 mi); Hayti, MO (8 mi); Gideon, MO (9 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Bragg City, MO (7 mi); Nimmons, AR (15 mi); Rives, MO (19 mi) (Census populations).
What a personal loan costs in Homestown
A personal loan gives you the full amount at once and spreads repayment over a set number of months at a fixed payment.
Two loans can share an interest rate and still differ in APR once fees are counted, so compare APR; our personal loan calculator shows the difference over the full term.
Your credit, income and existing debts drive the rate a lender offers, while the term you pick sets how much interest builds on top.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Missouri lending rules that apply in Homestown
The sourced rows below are the rules a licensed lender must follow when lending in Missouri, and therefore in Homestown.
| Rule | Detail | Source |
|---|---|---|
| Maximum legal interest rate (usury cap) | 10% per annum, or the higher published 'market rate' (RSMo § 408.030) Source says: "a rate of interest not exceeding ten percent per annum on money due or to become due upon any contract" | Missouri Revisor of Statutes as of 2026-09-16 |
| Payday lending status | Legal and licensed — unsecured loans of $500 or less require a license from the Director of the Division of Finance (RSMo § 408.500) Source says: "in the business of making unsecured loans of five hundred dollars or less shall obtain a license from the director of the division of finance" | Missouri Revisor of Statutes as of 2026-09-16 |
| Small-loan / installment lender licensing | Consumer credit lenders licensed and regulated by the Division of Finance's consumer credit section (Chapters 367 and 408, RSMo) Source says: "The consumer credit section of the Missouri Division of Finance is responsible for licensing and regulating various types of consumer finance companies" | Missouri Division of Finance as of 2026-09-16 |
| State lending regulator | Missouri Division of Finance (Department of Commerce and Insurance) Source says: "We regulate state-chartered banks, trust companies, consumer credit facilities, mortgage brokers, and savings and loan institutions" | Missouri Division of Finance as of 2026-09-16 |
| Additional loan fee cap (30+ day loans) | Up to 10% of principal, capped at $100 (RSMo § 408.140) Source says: "a fee, not to exceed ten percent of the principal amount loaned not to exceed one hundred dollars may be charged by the lender" | Missouri Revisor of Statutes as of 2026-09-16 |
How to compare offers in Homestown
The steps below are worth completing first when you borrow in Homestown:
- 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 Missouri using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.