Morton at a glance
- Population: the Census estimates 1,088 residents, ranking 200th of 281 places in Washington (Vintage 2023).
- 2020 Census base: 1,033 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: an increase of about 5.3% since the 2020 count (US Census Bureau).
- Rank among Washington places: 200th of the state's 281 Census places (US Census Bureau).
- Size percentile: it is larger than about 29% of the places in Washington (US Census Bureau).
- Coordinates: 46.5574 latitude, -122.2814 longitude (US Census Bureau Gazetteer).
- Nearest larger cities: Eatonville, WA (21 mi); Napavine, WA (30 mi); Rainier, WA (30 mi); Winlock, WA (31 mi); Yelm, WA (32 mi) (Census populations, approximate straight-line distance).
- Nearest smaller towns: Mossyrock, WA (10 mi); Toledo, WA (28 mi); Roy, WA (32 mi) — US Census Bureau populations.
What a personal loan costs in Morton
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
Judge an offer by its APR, which blends the interest rate with fees, and use the personal loan calculator to see the total cost.
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.
Most lenders offer pre-qualification with a soft credit pull, so you can see an estimated rate and amount without affecting your credit score.
Washington lending rules that apply in Morton
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 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 |
| 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 |
How to compare offers in Morton
A few practical steps will make the process in Morton 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 Washington using the regulator named above.
- Read the disclosure for origination fees and any prepayment penalty before you sign.