The guidelines for a USDA streamline refinance state that you must currently have a USDA home loan and the homeowner will have to reduce their payment as well as interest, principal and the guarantee fee. You can’t finance other properties, it must be for your primary residence, but you can add additional borrowers to the loan. The borrower is also unable to take cash from their home equity as part of this refinance and must have made on-time payments for the past 12 months.