While you can borrow as much money as any given lender is willing to extend, the amount that the VA will guarantee is limited. VA loan limits change annually and are based on the housing market in general, as well as the area in which you buy a home.
Borrowers may face additional limitations depending on their circumstances. For example, if you have one or more active VA loans, it will impact your entitlement. In addition, losing a prior VA loan to foreclosure could impact your benefit.
Of course, if you’re already using a portion of your benefit, there will also be limits to the remaining entitlement that you can enjoy. Keep in mind that the limits in question do not relate to the value of the loan that you can be approved for, but they do relate to the portion of any given loan that the VA will guarantee.