Rhome at a glance
- Population: roughly 1,843 people; 632nd of 1,224 places in Texas (Census Vintage 2023 subcounty estimate).
- 2020 Census base: 1,630 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: a gain of roughly 13.1% between the 2020 count and the 2023 estimate (US Census Bureau).
- Rank among Texas places: the 632nd-largest of 1,224 (US Census Bureau, 2023 estimate).
- Size percentile: it is larger than about 48% of the places in Texas (US Census Bureau).
- Coordinates: 33.0789 / -97.4932, per the US Census Bureau Gazetteer.
- Nearest larger cities: Reno, TX (10 mi); Justin, TX (10 mi); Pelican Bay, TX (11 mi); Decatur, TX (12 mi); Haslet, TX (12 mi) — straight-line distances, US Census Bureau populations.
- Smaller towns nearby: Aurora, TX (2 mi); New Fairview, TX (4 mi); Boyd, TX (4 mi) (US Census Bureau).
What a personal loan costs in Rhome
A personal loan is an installment loan: you receive a lump sum and repay it in fixed monthly payments over a set term, usually two to seven years.
Because the APR includes origination and finance charges, it is the honest comparison number; the personal loan calculator turns an APR and term into a monthly payment.
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.
Work out the payment you can comfortably carry each month first, then borrow no more than that figure supports.
Texas lending rules that apply in Rhome
Read the table as the compliance picture for a lender serving Rhome: label, sourced figure, publisher and date.
| 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 Rhome
The steps below are worth completing first when you borrow in Rhome:
- 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.