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Edgewood Mortgage Lending for Larger-Lot, Move-Up Buyers

Edgewood has no traditional downtown. Instead, it's a rural-suburban community of large-lot and small-acreage homes tucked between Puyallup, Sumner, and Fife, with the highest median home value of any market Turn Two Mortgage serves. Marc, based nearby in Lake Tapps, works with Edgewood's estate and move-up buyers directly.

Edgewood Snapshot
$723,777 Median Home Value (Zillow, 2026), Highest of Our 7 Markets
~14,000 Population, up 13% Since 2020
Est. 1996 Incorporated as a City
Large-Lot Estate & Acreage Character
Why Edgewood

No downtown, no commercial strip, just larger lots and the highest values in our market

Edgewood is unusual for the South Sound. It has no traditional downtown or commercial core, and residents lean on neighboring Puyallup, Sumner, and Fife for retail and dining. What it does have is a rural-suburban character built on larger lots and small acreage, historically home to horses and small farms, and the highest median home value of any market Turn Two Mortgage serves.

Room to Breathe

Larger lots and small-acreage properties are the norm here. It's a different lifestyle than the subdivision-driven growth in Bonney Lake or Tehaleh.

A Short Drive From Lake Tapps

Edgewood sits close enough to Turn Two Mortgage's Lake Tapps base that Marc knows this market's rhythms firsthand.

Loan Programs for Edgewood Buyers

Financing built for Edgewood's estate-scale market

With the highest home values in our footprint, Edgewood buyers often need financing beyond a basic conventional loan.

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Jumbo Loans

Financing above the conforming loan limit for Edgewood's larger-lot and estate-scale homes, a common need in this specific market.

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Conventional Loans

Purchase or refinance financing for Edgewood's mix of established and newer larger-lot properties.

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HELOCs

With home values this high, Edgewood homeowners often have substantial equity to tap for renovations or a move-up purchase.

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Bank Statement Loans

For self-employed Edgewood buyers whose tax returns don't reflect their full income, bank statement financing can be the better fit for a larger-lot purchase.

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Client Reviews

What Edgewood homebuyers say about Turn Two Mortgage

Marc Hendrickson, owner of Turn Two Mortgage
Your Edgewood Lender

Work directly with Marc Hendrickson

Owner, Turn Two Mortgage · Licensed in Washington since 2007 · Company NMLS #2226396

Edgewood's larger lots and estate-scale homes often call for more careful loan structuring, and Marc handles those files himself from first quote to closing.

Edgewood Mortgage FAQ

Common questions from Edgewood homebuyers

Why doesn't Edgewood have a downtown?

Edgewood incorporated as a city in 1996 but never developed a traditional commercial core. It's a rural-suburban community, and residents typically shop and dine in neighboring Puyallup, Sumner, or Fife.

Why are Edgewood home values the highest in this area?

Edgewood's larger lots and lower housing density, combined with its rural-suburban character, put its median home value above every other market Turn Two Mortgage serves, currently around $723,777 per Zillow.

Do I need a jumbo loan to buy in Edgewood?

Often, yes, particularly for larger-lot or estate-scale properties. Jumbo financing is one of the more common programs Turn Two Mortgage arranges for Edgewood buyers.

Is Edgewood a good fit for horse or hobby-farm properties?

Edgewood has historically been home to horse properties and small farms, and larger-acreage listings still come up regularly. Turn Two Mortgage can discuss financing considerations specific to acreage properties.

What's the difference between Zillow's estimate and a listing price in Edgewood?

Zillow's home value index (around $723,777) is a modeled estimate across all homes, while a median list price (around $899K in mid-2026) reflects only homes currently for sale. That's a different, generally higher-skewing metric. Turn Two Mortgage can help you understand what applies to a specific property.

Does Turn Two Mortgage only work in Edgewood?

No. Turn Two Mortgage is licensed throughout Washington State, with Edgewood and the broader Lake Tapps area as home turf. See all Washington markets we serve →

Ready to Get Started?

Get your Edgewood mortgage rate quote today

Quick, custom quotes for Edgewood's larger-lot and estate-scale market. No pressure, just real numbers.

Header photo: Chris Light / Wikimedia Commons, CC BY-SA 4.0