Wells Fargo will partner with Icon to offer mortgage incentives for 3D-printed homes.
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For buyers purchasing Icon 3D-printed homes and choosing Wells Fargo financing, Wells Fargo will offer a 50 basis point (0.5%) lender credit incentive. The first 3D-printed community, developed in partnership between Lennar, one of the largest homebuilders in the U.S., and Icon, sold out quickly, and another larger follow-up project is already in the works. In the past, lenders have generally been skeptical about the practicality of 3D-printing technology in real estate, the future appreciation and value retention of such homes, as well as the secondary market resale and underwriting capabilities for these types of loans.
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