Many programs allow borrowers to do streamline refinances. If you are currently on a VA or FHA loan for at least 6 months of payments made, then you can reset your rate by doing a streamline refinance. These are great because they require no income or asset verifications, have more flexible credit qualifications, and usually don’t require an appraisal. The average streamline closes in ten days from start to finish. USDA also has a similar option if you’ve been in your current USDA loan for at least 12 months.