The OceanAir Federal Credit Union is a home equity loan from OceanAir Federal Credit Union. The ongoing APR is 15 Year: Rate as low as 8.000%, APR as low as 8.21; 20 Year: Rate as low as 8.500%, APR as low as 8.67. Loan terms: 15 Year; 20 Year. Fixed monthly principal and interest payments for life of the loan..