Can I use my VA loan twice?

The benefit is built to be reused; the VA Lenders Handbook, Chapter 2, describes entitlement as something that is charged to a loan and restored when the loan is paid off and the home sold. Three situations cover almost everyone who asks this:

1. You sold the last house. Its entitlement is restorable. Your lender files VA Form 26-1880 with the payoff evidence, VA issues a fresh COE, and the next purchase is a full-entitlement loan — no down payment and no VA loan limit. The restoration page covers the filing.
2. You still own the last house with a VA loan on it. You are working with remaining entitlement. The second-tier calculation tells you how large a second loan can be with no down payment; above that, the down payment is 25% of the overage, not 25% of the price.
3. You paid off the last VA loan but kept the house — usually by refinancing into a conventional loan. VA restores entitlement once without a sale. After that one-time use, restoration requires selling.

The funding fee is the one cost that changes: subsequent use with less than 5% down carries a higher percentage than first use, unless you are exempt because of a disability rating. The funding fee page has the schedule. For the full picture of how entitlement works, start with entitlement explained.