Loans in Mitchell County, IA: payday, personal & title options
U.S. Census Bureau, ACS 2020–2024 5-year estimates for Mitchell County, IA.
The median household in Mitchell County earns $71,365 a year, about the same as the Iowa median of $75,059. About 10% of residents live below the federal poverty line, and 20.0% of households rent their home.
Mitchell County money snapshot
| Mitchell County | Iowa | |
|---|---|---|
| Median monthly rent | $738 | $972 |
| Households earning under $35,000 | 20.7% | 21.1% |
| Renters spending 30%+ of income on rent | 35.7% | 42.8% |
| Households with Social Security income | 31.2% | 31.5% |
| Households receiving SSI | 4.3% | 4.0% |
| Households receiving SNAP benefits | 7.7% | 8.8% |
| Adults who are veterans | 9.2% | 6.5% |
| Households with one car | 26.5% | 30.5% |
| Households with two or more cars | 70.4% | 64.1% |
| Unemployment rate (Mitchell County, August 2026) | 3.1% | 3.6% |
| Median age | 41.9 | 38.8 |
- Mitchell County is home to many veterans — 9.2% of adults (Iowa: 6.5%). See loans for veterans for what lenders look at.
- 4.3% of households in Mitchell County receive SSI (Iowa: 4.0%). Here's how lenders treat SSI income: loans for SSI recipients.
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; U.S. Bureau of Labor Statistics, Local Area Unemployment Statistics (not seasonally adjusted).
On our Cash Strain Index, Mitchell County ranks #81 of 98 Iowa counties (#1 = most financial strain).
What do I need to get a payday loan in Mitchell County?
Most Mitchell County applicants can finish in one sitting if they have these ready:
- Be 18 or older (19 in some states) and a US resident
- A government-issued photo ID
- A steady source of income — a job, benefits or self-employment
- An active checking account in your name for the deposit
- A working phone number and email address
How much can I borrow in Mitchell County?
Online payday loan requests through our network typically run $100 to $1,000. The lender decides the final amount based on your income.
What Mitchell County borrowers use it for
cover a short gap before payday
Car repairskeep getting to work while the shop fixes it
Holiday expensesgifts and travel without maxing a card
Medical billspay a doctor, dentist or pharmacy bill now
Loans for your situation
Which loans are available in Mitchell County
Payday Loans Legal
Payday loans (delayed deposit services) are legal in Iowa from businesses licensed by the Division of Banking under the Delayed Deposit Services Licensing Act, Iowa Code chapter…
Personal Loans
Regulated lenders: rates set by Banking Superintendent rule; 2026 rule rewrite unclear.
Title Loans Limited
Iowa caps consumer loans secured by a car title at 21% a year unless the lender is licensed under the Regulated Loan Act (chapter 536) or Industrial Loan Act (chapter 536A), and…
Loan businesses in Mitchell County
The Census counted no consumer-lending or check-cashing storefronts in Mitchell County in 2023. That's why most Mitchell County borrowers apply online: our short form reaches lenders that serve the area, and the lender tells you when funds will be sent before you sign.
Source: U.S. Census Bureau, County Business Patterns 2023 (NAICS 522291 consumer lending; NAICS 522390 other activities related to credit intermediation, which includes check cashing).
Banks and credit unions in Mitchell County
Banks with branches in Mitchell County
7 FDIC-insured bank branches from 6 banks. Many banks offer small-dollar loans or overdraft lines to existing customers.
| Bank | Branches | Example location |
|---|---|---|
| St. Ansgar State Bank | 2 | 102 S Broad St, Stacyville 50476 |
| The Home Trust & Savings Bank | 1 | 628 Main St, Osage 50461 |
| First Citizens Bank | 1 | 501 Main St, Osage 50461 |
| First Security Bank and Trust Company | 1 | 109 Woodland Ave, Riceville 50466 |
| Farmers State Bank | 1 | 345 W 4th St, Saint Ansgar 50472 |
| CUSB Bank | 1 | 1533 Main St, Osage 50461 |
Source: FDIC BankFind Suite, retrieved Oct 2026.
No credit-union branch is listed inside Mitchell County. The nearest counties with credit unions:
Credit unions in Floyd County
1 credit-union locations from 1 credit unions.
| Credit union | Location |
|---|---|
| Family Community | 1211 N Grand Ave, Charles City 50616 |
Source: NCUA credit union branch data, June 30, 2026.
Credit unions in Cerro Gordo County
7 credit-union locations from 5 credit unions.
| Credit union | Location |
|---|---|
| Cent | 3124 4Th St Sw, Mason City 50401 |
| North Iowa Community | 640 S Federal Ave, Mason City 50401 |
| Iowa Heartland | 1602 S Monroe Ave, Mason City 50401 |
| Ace | 1028 14Th St Se, Mason City 50401 |
| Gas & Electric Employees | 1602 S Monroe Ave, Mason City 50401 |
Source: NCUA credit union branch data, June 30, 2026.
Frequently asked questions
Are payday loans legal in Mitchell County?
Mitchell County follows Iowa law. Payday loans (delayed deposit services) are legal in Iowa from businesses licensed by the Division of Banking under the Delayed Deposit Services Licensing Act, Iowa Code chapter 533D.
Are title loans legal in Mitchell County?
Iowa caps consumer loans secured by a car title at 21% a year unless the lender is licensed under the Regulated Loan Act (chapter 536) or Industrial Loan Act (chapter 536A), and bans disguising a title loan as a sale, lease, pawn or similar deal.
Where can I get a small loan in Mitchell County?
Options include 7 bank locations in the county, licensed installment lenders, and online lenders you can reach through our short form.
How do I get a loan in Mitchell County?
Fill out our short online form from anywhere in Mitchell County. We share it with lenders in our network that serve Iowa; if one approves you, you review the terms and the money is deposited to your bank account on the timing the lender discloses.
What is the median household income in Mitchell County?
The median household income in Mitchell County is $71,365 a year, compared with $75,059 across Iowa (Census ACS 2020–2024). Lenders look mainly at steady income you can show, such as paystubs or regular benefit deposits.
Can I get a loan on Social Security income in Mitchell County?
You can apply. 31.2% of Mitchell County households receive Social Security income (Iowa: 31.5%). Many lenders in our network accept regular benefit deposits as income if they go into a checking account in your name.
What is the unemployment rate in Mitchell County?
3.1% in August 2026, up from 2.9% a year earlier (U.S. Bureau of Labor Statistics, not seasonally adjusted). If you're between jobs, some lenders accept other regular income such as benefits.
Are there loan stores near me in Mitchell County?
Mitchell County had 0 consumer-lending businesses and 0 check-cashing and other credit-service businesses in 2023 (Census County Business Patterns). You can also skip the trip and request a loan online with one form.
What is the average rent in Mitchell County?
Median gross rent in Mitchell County is $738 a month, compared with $972 across Iowa (Census ACS 2020–2024). If rent is due before payday, a small online loan can cover the gap; compare the total cost first.
Can I apply for a loan online in Mitchell County?
Yes. You don't need to visit a branch or storefront anywhere in Mitchell County. Our secure online form works on your phone or computer and connects you with lenders in our network that serve Iowa. If you're approved and accept an offer, funds go directly to your bank account, and the lender tells you when they will be sent before you sign.
Where can I get a loan in Mitchell County, IA?
You can apply at banks, credit unions and lenders in Mitchell County, or apply online from anywhere in the county. Online requests let you reach lenders in our network without a branch visit. Our free form sends a single request to lenders in our network that serve Iowa residents, and each lender sets its own review time. You can see if you qualify with one online form.