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Why is it so hard to get Department of Veterans Affairs loans approved in New York? Our market is just too darn expensive. Only 30 NYC condos are approved for VA loans?just two of those in Manhattan?and the maximum amount guaranteed by one of the VA loans is only about $725,000. That number is derived from the Federal Housing Administration estimate of real estate values in the region, and the region includes Putnam and Rockland counties. [NYT]