Teresa Downey
VP, Producing Production Manager
- Cell: (678) 873-2957
- 117 Towne Lake Parkway, Suite 110, Woodstock, GA 30188
- NMLS ID #: 658841
Q&A with Teresa Downey
What made you decide to be a BankSouth Loan Officer?
I didn’t. My career chose me. I started working in the mortgage industry in 1988 as a part-time employee. My role grew from junior processor through the operations side, including underwriting. I joined the sales team as a production partner to a top producer in 2001 and began originating my own book of business in 2012.
What accomplishments you’re most proud of?
Raising my children. I have 2 adult children. Both are successful. Both have a strong work ethic and treat others with kindness and respect. They’ve both told me that their father and I showed them what love looked like and how to treat other people.
What is your biggest success professionally? Why was it a big success?
Being awarded the rising star award in 2012. That was my first year originating my own book of business. It was a statement from the leadership that they believed in me and that YES, I could do this.
What makes you different than others in your profession?
I will still meet a client in person. In a time that everything is digital, I find that the borrowers and agents in the area that I serve still like to meet in person. I will meet them in person for application and I attend 90% of my closings. I consider my support staff as equal teammates and I recognize that they are a very important part of the transaction from the beginning to the end. I think it’s important to make them feel valued.
What do you enjoy doing on weekends?
In the fall, I watch college football with my sister. In the summer, I spend time on the lake, we have a pontoon boat. We enjoy having our friends join us. I have a new grandbaby so I spend the weekends visiting him.
Flashback to when you were 10 years old. What do you want to be when you grow up? Why?
I wanted to be a school teacher. I don’t know why. I had a chalk board and I taught my friends math and cursive writing. Maybe I’m not too far off from that now. The majority of my business is first time home buyers. In a way, I am a teacher.
Bio of Teresa Downey
Teresa offers a customizable communication platform based on the needs of the client and real estate agent. Teresa will meet you where you are in your real estate journey. From purchasing your first home, building a custom home, downsizing for your empty nest, purchasing your dream vacation home, or investing in real estate for the rental market, she’s here to help you get there.
Awards
Mortgage Market Interest Rates
Interest rates for mortgages can vary significantly from one borrower to the next based on the specific details of the transaction. Some of the main factors that affect the interest rate are credit score, down payment or loan-to-value, the type of mortgage, and how long the interest rate is locked.
The information below depicts average rates on a national level. These rates are not specific to BankSouth Mortgage but are provided to give a general idea of where rates are nationally for different loan types. This information is calculated from actual locked rates with customers across 35% of all mortgage transactions nationwide.
Information in this chart is for illustrative purposes only and is not intended as an advertisement. This is not a commitment to lend and does not guarantee the availability of any particular product or interest rate. Rates/terms illustrated in the chart may not be available through BankSouth Mortgage. Rates and information in this chart are powered by OBMMI™ (“Optimal Blue Mortgage Market Indices”). The OBMMI™ methodology takes the average rate of all appropriate interest rates locked through the Optimal Blue, LLC (“Optimal Blue”) product and pricing engine (“PPE”) on a given day. No adjustments to the rates that account for buy-up or buy-down decisions made by individuals are performed. These indices leverage data from Optimal Blue PPE lock requests (approximately 35% of all locks nationwide) aggregated daily and updated nightly with the previous day’s locks. Weekends and holidays are excluded. All applicable product types are included unless otherwise specified. The content contained on this chart is that of Optimal Blue and may change at any time without notice. Optimal Blue makes commercially reasonable efforts to provide reliable information, however it does not guarantee that the information is accurate, current, or suitable for any particular purpose. In addition, this content is, therefore, provided on an “as is” basis and Optimal Blue makes no warranty, guarantee, or promise, concerning the accuracy or timeliness of indices listed and maintained by Optimal Blue nor is Optimal Blue responsible in any manner for any damages whether direct, indirect, special, or consequential, howsoever caused, arising out of use of this web site, or reliance on the information it contains.
What Customers Say About Teresa Downey
461
Total Reviews
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Jose Cruz Erazo
Posted on July 26, 2024
The transaction was very smoth and stress free from the beginning, Teresa was very professional and always answered any questions in a timely manner, the bank south app was very easy to use.
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Shane Miller
Posted on June 21, 2024
Hands down the best experience!! Teresa and her team are top notch!!! Highly recommended!!!
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Emily Foster
Posted on June 10, 2024
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Magen Elizabeth Bateman
Posted on April 19, 2024
Teresa made this a very smooth and easy process and answered all of my questions.
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Kisha V Freeman
Posted on April 14, 2024
The service that my husband and I received from Teresa was top notch from the day of our first meeting through closing. Teresa kept us informed throughout the process and walked with us every step of the way for a smooth closing day. We would definitely choose BankSouth again!
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Eric C Freeman
Posted on April 14, 2024
My Lender didn’t start with a Bank!It started with a Great Person and Team!My Agent for the Loan communicated and assured Us on every issue.and step.Teresa and Casey were there anytime and any day,Even after Hours!We Truly appreciate The efforts and time with House Buying Experience.Shout to Our Agent Narda from Smith And Douglas Homes in Georgia!!And Keller Williams Our Real Estate Agent Norma!She was Great too!!
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Marybelle Huertas
Posted on April 8, 2024
We were very pleased with our mortgage process. Teresa Downey gave us suggestions how to pay down a few credit cards to obtain a better interest rate and we followed her advise. We were able to close with the interest rate we wanted. Chelsea Phillips was also amazing. She returned my calls and followed up immediately with any questions concerns we had. This was absolutely a great experience and would recommend using Bank South Mortgage and the whole team for a very positive and stress free home mortgage loan process.
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Jaymes Hollis
Posted on April 7, 2024
Very efficient, and helpful when it came to the important stuff.
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Marybelle Huertas
Posted on April 7, 2024
Teresa Downey was very professional as was Chelsea Phillips. Always quick to respond to any questions or concerns making the loan process stress free. I would recommend contacting Teresa if you're interested in obtaining a mortgage loan and purchasing your dream home.
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Herbert Huertas
Posted on April 4, 2024
We had a great experience with Teresa Downey & Chelsea Phillips. The mortgage process is always a cumbersome one but they both made this process very easy and not stressful at all. Thank you both for all your help in obtaining our dream home.
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Alexis Raston
Posted on February 29, 2024
Teresa Downey & Chelsea Philips were extremely nice & helpful. This was our first time purchasing a home & we were able to ask them for clarity or help with any questions. They communicated very well & made the process of purchasing a home smooth.
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Andrew Michael Welsh
Posted on February 11, 2024
Teresa and the Bank South team made the experience one I won’t soon forget. They took care of me in all the ways I would expect and took great ownership of the process. I would recommend them to anyone.
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Edward Woodward Smith Jr.
Posted on January 27, 2024
Teresa and her team were great. They treated you like family and were willing to help if you had any questions or concerns.
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Melissa Gil Robidoux
Posted on January 18, 2024
Teresa was very helpful and patient during our most stressful moments. We discussed different loan options that would work best for our situation which enabled our loan to close on time and within budget. The entire team was very helpful. We were super excited to close on our new home.
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Melissa Robidoux
Posted on January 17, 2024
Had an overall good experience. The process can be stressful but Teresa was very helpful We appreciated the patience and advice for loan options. Our loan closed on time and we are happy to be in our new home.
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Adan Fraire Bernal
Posted on January 3, 2024
Thank you for all your help and your patience during this process. We really appreciate how smooth this process went.
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Robert Squires
Posted on December 27, 2023
Teresa was very efficent and answered all my questions well.
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Zulma Y Garcia Romero
Posted on December 21, 2023
Everyone was so nice and welcoming. Every question I had they gladly answered and help me understand everything that I didn’t. I want to thank everyone during this process.
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Erma L Johnson
Posted on December 21, 2023
Teresa Downey was very helpful and understanding for older folks who are not computer savvy. She was very patient with my wife and I, what a wonderful lady to work with.
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Chloe Laine Nordeste
Posted on December 8, 2023
Teresa and her team were all wonderful to work with! They made this experience so easy for us and we are so grateful!
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BankSouth Mortgage Company, LLC, NMLS #690971 is not a bank or other depository institution and is not FDIC-insured.
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