 All Federal Housing Administration (FHA) lenders can offer a FHA Graduated payment mortgage loan, which begin with a lower monthly payment that increases annually over the first 5–10 years of the loan, and then it levels out to a fixed monthly payment for the remaining years of the mortgage.There are five FHA Graduated Payment Mortgages offered in 15-year and 30-year terms.The difference between the plans lies in the rate of increase of the mortgage payment, which annually increases 2.5%, 5%, or 7.5% until it levels off.