Wells Fargo to offer mortgage incentives on 3D printed homes with Icon

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. That's about to change. Wells Fargo , one of the nation's largest mortgage lenders, in conjunction with Icon, the biggest player in the 3D construction space, is announcing that it will write mortgages on homes built with Icon technology and also offer an incentive to buyers. Wells Fargo will provide a 50 basis point lender credit to buyers of Icon homes using its mortgages. Icon has been working with the Wells Fargo Foundation, its philanthropy arm, for several years on 3D printed communities for people without housing. Now Wells Fargo will be Icon's preferred lender for 3D printed homes up for sale. "We think the technology that Icon has built has the potential to lower construction costs and to speed up homebuilding at a time when we are seeing broader challenges in housing affordability and access to homeownership," said Serhat Oztop, CEO of home lending at Wells Fargo. …