The 13 US states where it's easiest to refinance and save money on your mortgage

Idaho homeowners have the odds on their side when it comes to saving through refinancing.

Average loan amount: $200,574

Refinance approval rate: 77.8%

Wisconsin homeowners have good chances of being approved for refinancing — 78% of refinance applications are approved in this state.

Average loan amount: $163,851

Refinance approval rate: 78%

Oregon residents face large loan home loans. But, refinancing could help drop your monthly payment in this state.

Average loan amount: $223,712

Refinance approval rate: 77%

Home values are rising quickly in Colorado — overall, homes here have appreciated 58% between 2012 and 2018. Homeowners in this state might find that they have a bit more equity in their homes than they thought, making it an ideal time to refinance.

Average loan amount: $281,363

Refinance approval rate: 78.4%

Home values are on the rise in Iowa, and homeowners are seeing pretty good odds of having their refinance applications approved.

Average loan amount: $155,541

Refinance approval rate: 78.6%

Minnesota homeowners have a good shot at refinancing their homes, whether they want to lower their monthly payment, or get rid of private mortgage insurance.

Average loan amount: $207,420

Refinance approval rate: 78.6%

Houses in Massachusetts aren't seeing relatively huge value increases, rising only 19% between 2012 and 2018. But in a state with an already high cost of living, refinancing could help bring down monthly bills.

Average loan amount: $302,486

Refinance approval rate: 78.8%

In Nebraska, 78.8% of homeowners are seeing their refinance applications approved.

Average loan amount: $161,506

Refinance approval rate: 78.8%

In Washington, a decent amount of appreciation between 2012 and 2018 has made refinance approval likely.

Average loan amount: $299,509

Refinance approval rate: 79.3%

South Dakota takes the third spot for the most likely to be approved for mortgage refinance, with over 80% of applicants hearing a "yes" from lenders.

Average loan amount: $182,069

Refinance approval rate: 80.1%

Both North and South Dakota took top spots on this list, but North Dakotans have a slight advantage on their refinancing applications. Homes in this state have risen over 60% in value between 2012 and 2018, giving homeowners here a unique opportunity to refinance.

Average loan amount: $192,419

Refinance approval rate: 80.5%

Utah homeowners top the list of states with the highest refinancing approval rate — over 82% are approved in this state.

Average loan amount: $248,151

Refinance approval rate: 82.4%

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