May. 26 at 1:47 PM
Wells Fargo is announcing it will write mortgages on homes built with Icon 3D printing technology.
Wells Fargo will provide a 50 basis point lender credit to buyers of Icon homes using its mortgages.
Historically, lenders had concerns over the viability of 3D printing technology for real estate, the potential value appreciation of the homes, and the ability to both sell and insure the loans.
The first Lennar-Icon 3D printed community sold quickly, and another, larger one soon followed.
$WFC