Which statement about the annual fee is true?

The statement that the annual fee is consistent for all USDA loans is accurate. The USDA Rural Development program imposes a standard annual fee on its guaranteed loans, which is set to ensure that the program can continue to operate and support rural housing initiatives. This fee is typically a percentage of the loan amount and does not change regardless of the individual borrower's circumstances, making it uniform across all loans backed by the USDA.

This consistency allows borrowers to anticipate their yearly costs associated with the loan, making financial planning more straightforward. While the exact percentage may be updated periodically by the USDA, any changes would apply uniformly to all USDA loans, thereby maintaining the consistency of the fee across the board.