Rockford at a glance
- Population: the Census estimates 574 residents, ranking 231st of 281 places in Washington (Vintage 2023).
- 2020 Census base: 524 people (US Census Bureau, 2020 Census count).
- 2020 to 2023 change: roughly 9.5% higher than at the 2020 Census (US Census Bureau).
- Rank among Washington places: 231st-largest of 281 (US Census Bureau, Vintage 2023 estimate).
- Size percentile: it is larger than about 18% of the places in Washington (US Census Bureau).
- Coordinates: 47.4515 / -117.1306, per the US Census Bureau Gazetteer.
- Nearest larger cities: Fairfield, WA (5 mi); Plummer, ID (14 mi); Liberty Lake, WA (15 mi); Spokane Valley, WA (15 mi); Tekoa, WA (16 mi); each population is a US Census Bureau estimate.
- Nearest smaller communities: Waverly, WA (9 mi); Worley, ID (10 mi); Latah, WA (12 mi) (Census populations).
What a personal loan costs in Rockford
Unlike a revolving credit card, a personal loan is closed-end: the balance falls on a fixed schedule and the payment does not change.
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.
A lender weighs your credit profile, income and debts when setting the rate, and a longer term lowers the payment at the cost of more interest overall.
Set the loan amount from the expense itself rather than the maximum you are approved for, and keep the payment within your existing budget.
Washington lending rules that apply in Rockford
The table carries the Washington rate and licensing rules that apply to consumer loans made in Rockford.
| 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 Rockford
A few practical steps will make the process in Rockford 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.