Odessa at a glance
- Population: 926, the 210th-largest community in Washington out of 281 (US Census Bureau, Vintage 2023).
- 2020 Census base: the 2020 count put the population at 894 (US Census Bureau).
- 2020 to 2023 change: up about 3.6% from the 2020 Census base to the 2023 estimate (US Census Bureau).
- Rank among Washington places: 210th of 281 by population (US Census Bureau, Vintage 2023).
- Size percentile: it exceeds roughly 25% of Washington's Census places by population (US Census Bureau).
- Coordinates: mapped at 47.3326, -118.6894 by the US Census Bureau Gazetteer.
- Nearest larger cities: Ritzville, WA (21 mi); Warden, WA (30 mi); Moses Lake, WA (31 mi); Davenport, WA (34 mi); Soap Lake, WA (37 mi), each a US Census place with its estimated population.
- Nearest smaller communities: Krupp, WA (15 mi); Wilson Creek, WA (21 mi); Harrington, WA (23 mi), each a US Census place.
What a personal loan costs in Odessa
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.
The advertised interest rate leaves out fees that the APR captures, which is why APR is the number to weigh; try the personal loan calculator before you apply.
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.
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.
Washington lending rules that apply in Odessa
The table lists the Washington rules that apply to a loan made in Odessa, each with the regulator that published it.
| Rule | Detail | Source |
|---|---|---|
| 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 |
| 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 |
How to compare offers in Odessa
Run through this list before signing anything in Odessa:
- 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.