Can my rebate be given to me after closing?

Fannie Mae guidelines and federal laws state that all credits must be given on the settlement statement (not after closing). Failure to disclose the payment to the buyer on the settlement statement can constitute a “false statement to a lender” (a federal crime), and also a violation of the License Law and Commission rules.

As long as the rebate is listed on the HUD-1, it is perfectly fine in the majority of states, and most lenders do allow the rebate on the HUD-1. However, if your lender will not allow the rebate on the HUD-1, then the only way for you to get the credit would be to have the seller lower the sales price by the amount of the rebate. It is the buyer’s responsibility to ensure they have selected a lender who will allow the rebate on the HUD-1 statement.