Government Refinance Programs are backed by government agencies, which usually have less stringent qualifying conditions than conventional loans. In some cases, you may be able to replace your existing mortgage with a lower rate loan that doesn’t require credit underwriting or a home appraisal. If you are eligible, you have to know how government refinance programs operate. It might help you refinance more quickly and affordably with less paperwork. There are mainly three types of Government Refinance Programs- the Federal Housing Administration (FHA), the U.S. Department of Veterans Affairs (VA) and the U.S. Department of Agriculture (USDA).