Financing for investement property (newbie question)

[Milind Torney]

Hi all,  I am new to real estate investing. I have finalized the investment property and researching conventional load options. 

1. As I understand, interest rates for investment property are priced higher. Is there any creative options here? I cannot use it is as primary home 

2. I am flexible with downpayment. With 25%. downpayment, I got quotes of 7.5% APR (30 year fixed). with no points. Is it good rate? What is the best rate I should be targeting in the current market.