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3D Homes Get Mortgages: Financing Solved?
26 May
Summary
- Wells Fargo will now finance homes built with Icon's 3D printing technology.
- A 50 basis point lender credit is offered to buyers using Wells Fargo mortgages.
- This partnership addresses past hurdles in financing 3D printed homes.
The financing of 3D printed homes, long a significant obstacle, is poised for a breakthrough. Wells Fargo, a major mortgage lender, has announced a partnership with Icon, a prominent company in the 3D construction sector. This collaboration will enable Wells Fargo to provide mortgages for homes constructed with Icon's innovative technology.
As an incentive, buyers of Icon homes who secure their mortgage through Wells Fargo will receive a 50 basis point lender credit. This initiative directly addresses historical concerns lenders have had regarding the viability and resale value of 3D printed properties, aiming to bridge the gap between new construction technology and aspiring homeowners.
