from 2018, and analyzes refinance applications, their approval rate, information on the state's average home loan amount, and overall home value appreciation in each state.
Utah residents saw the greatest approval rates, with over 82% of applicants hearing a 'yes' on refinancing. North and South Dakota followed closely behind, with just over 80% being approved. But, even if you're not living in one of these 13 states, the odds are still in your favor — nationally, this data shows that about 75% of applications are approved. Especially for residents of these 13 states, now might be the time to start thinking about refinancing.Montana residents could see big benefits from refinancing their homes. In this western state, it's likely that your refinancing application will be approved — over 75% are.