Island County FHA loan limits have dropped to $316,250 in 2009 for a 1-unit. This coincides with statewide decreases across the board, with the exception of Chelan and Douglas Counties. What does mean to buyers looking to purchase in Island County? There are plenty of awesome deals under that $316,250 mark so don’t despair. Rates are great! Only need 3.5% down and don’t need a super high credit score. And don’t forget that we can go to 95% of your homes value for a cash out refinance. Belo