Among the endless counts of financial misconceptions, the most commonly confused subject matters is what can and cannot be done with a VA loan entitlement, and how frequently it can be used. Did you know a borrower can have more than 1 VA loan? For loans exceeding the $144,000 basic limit, an additional guarantee up to $77,275 is allowed as a bonus entitlement. It can be used all at once, or in some cases, allows for 2nd VA loan. Entitlement can be restored once mortgage is paid off, and used over and over again.