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business13h ago
Wells Fargo to offer mortgage incentives on 3D printed homes with Icon
- Wells Fargo will write mortgages on Icon 3D‑printed homes and offer a 50 basis point lender credit to buyers.
- The partnership makes Wells Fargo Icon's preferred lender for 3D‑printed homes under development.
- Icon aims to scale with its Titan printers and expand to more builders worldwide.
- The first Lennar‑Icon 3D printed community sold quickly, signaling growing demand.
- Lenders had concerns about 3D printing viability, home value, and loan sellability.
- Icon founder Jason Ballard says the tech can lower costs and speed up housing construction.
- Icon plans to help developers finance printers and support broader adoption.
- The Titan printer costs about $899,000 and can print multistory structures.
- Wells Fargo’s initiative aligns with housing affordability and access goals.
- Icon and Lennar have already deployed 3D‑printed communities in Texas.
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