Wells Fargo Backs 3D-Printed Homes with 50bps Credit, Finances $899K Titan Printers
WFC•Wells Fargo will provide a 50 bps lender credit to buyers of homes built with Icon’s 3D printers and finance builders purchasing Icon’s new Titan printer, which costs $899,000 or leases with a $5,000 deposit. The Titan supports multi-story construction and has hundreds of reservations, double Icon’s internal target.
1. Partnership Details
Wells Fargo will become Icon’s preferred mortgage lender for 3D-printed homes, extending financing to both homebuyers and builders purchasing Icon printers.
2. Mortgage Incentive Terms
Buyers of Icon-built homes receive a 50 basis point lender credit on their mortgages, a first in financing for 3D-printed residential construction.
3. Titan Printer Launch
Icon’s new Titan printer, capable of multi-story construction, is available to developers for $899,000 or via leasing with a $5,000 deposit, and has secured hundreds of reservations, twice the company’s internal target.
4. Strategic Implications
Wells Fargo expects 3D-printed homes’ long-term values to align with traditional builds and views the partnership as a way to lower housing costs and expand market acceptance.
