Wells Fargo to offer mortgage incentives on 3D printed homes with Icon
Wells Fargo is partnering with Icon to offer mortgage incentives for homes built using 3D printing technology. This collaboration aims to address financing challenges that have historically hindered the adoption of 3D printed homes. By providing a lender credit, Wells Fargo hopes to facilitate access to homeownership through innovative construction methods.
- ▪Wells Fargo will write mortgages for homes built with Icon's 3D printing technology.
- ▪The bank will offer a 50 basis point lender credit to buyers of these homes.
- ▪Historically, 3D printed homes faced challenges in obtaining traditional mortgage financing.
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A version of this article also appears in the CNBC Property Play newsletter with Diana Olick. Property Play covers new and evolving opportunities for the real estate investor, from individuals to venture capitalists, private equity funds, family offices, institutional investors and large public companies. Sign up to receive future editions, straight to your inbox.In the race to build housing more efficiently and affordably, 3D printing is becoming increasingly viable and popular. Financing for the homes, however, is still a significant hurdle.
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