Here is another one from the old "things I've learned along the way" file. It is possible to have multiple VA loans?

yes it is possible. it is called a Second-Tier Entitlement. it is a complicated equation to figure out how much you would be entitled to borrow and a down payment could be required depending on the county loan limit, how much entitlement you have used, and how much your new house will cost. Google Second-Tier Entitlement and you will get some detailed explanations of how to figure out the money.

You can have multiple if you don't exceed the maximum amount VA will loan to you. Then again if your spouse is eligible for one, that could happen.

"VA Loan" is a misnomer. VA doesn't loan money. The VA however backs up a single primary residence loan which a lending institution issues. Since a hunk of the risk is picked up by the VA, rates are usually lower but that's governed more by your credit rating. There are also more restrictions on the nature of the property (water systems, no mobile homes, etc.). The added benefit of zero down and full value coverage has helped many a SM. You can have as many VA backed loans as you want/need, but only one at a time and only for your primary residence. What you should be looking for is when the interest rates drop with commercial being a better deal, doing a refi, and then moving on from there. Then when you want to do your next big thing, the VA backed loan eligibility is there for you. I used the VA backing three times in my life and commercial refi twice. I'm in my final home now and am glad the VA stuff was there for me.