Men of Color Home-buyers Academy
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We are a preparation and coaching program dedicated to empowering men-of-color to become successful homeowners and investors
The mission of Men of Color Home-Buyers Academy is to provide culturally competent coaching, mentorship, and resources to men of color, enabling them to achieve home-ownership, build generational wealth, and contribute to the economic stability of their communities.
Transform Your Life with Men of Color Home-buyer's Academy Coaching
Men of Color Home-buyer's Academy is dedicated to empowering individuals through the journey of home ownership. We understand that navigating the real estate market can be overwhelming, especially for men of color who may have faced unique challenges. Our comprehensive programs are designed to provide the knowledge, resources, and support necessary to make informed decisions. With personalized coaching and practical workshops, we aim to build confidence and foster sustainable home-buying practices. Join us in transforming your dreams of owning a home into a reality.
"Come as you are..."
Welcome to Men of Color Home-buyer's Academy Coaching
Our team of professionals recognize every person's situation is different.
We will create an individualized plan for each participant to reach each step towards being ready for buying real estate.
The plan will guide participants on ways increase their credit score, lower your DTI and provide various resources to reach each goal.
"We are here to help you reach each step of your journey"
The program focuses on 4 key areas to prepare future home-buyers and investors;
- 1. Financing/Purchase Readiness
- 2. Home Search Process
- 3. Budgeting/Sustainability
- 4. Estate Planning
4 Key Steps
Readiness
- Credit/Debt-to Income Ratio (DTI)
- Personal Funds Saved
- Mortgage Payment/Escrow Affordability
Home Search
- Location
- Need
- Wants
- Must-Haves
Budget/Financial sustainability
- Upfront fees
- Longterm Cost
Estate Planning
- Investment/Profitability
- Succession
- Will/Trust
PREPARATION
Personal Funds Saved
Our preferred loan officers will also advise the funds needed upfront from the client as well as various options to cover some cost.
Budget/Financial sustainability
Clients will also be advised on their budget and various ways to stay within a monthly payment budget for the principle, interest, and insurance cost.
Mortgage Payment/Escrow
Clients will be explained to the various components of the monthly mortgage payment both current and future options (I.e., Refinance, Equity, HELOC, etc.)
READINESS
CREDIT/DTI
When it comes to buying a home, there are a few essential factors to consider, and two of the most important ones are Credit and DTI (debt-to-income) ratio.
Credit refers to your financial history and determines your trustworthiness as a borrower. A good credit score is crucial for obtaining a favorable mortgage rate and securing a loan. We have assisted buyers with scores as low as 500. Lenders typically look for scores above 620...the higher your score, the better.
The DTI ratio, on the other hand, measures the percentage of your monthly income goes toward debt repayment. This includes any outstanding loans, credit cards, and other obligations. Lenders generally prefer a DTI ratio of 43% or lower, indicating that you have sufficient income to cover your debts and afford a mortgage payment. It's important to maintain a healthy credit score and keep your DTI ratio in check to improve your chances of qualifying for a mortgage and purchasing a home.
Our preferred loan officers will do an analysis of the individual’s credit and debt-to-income ratio to determine the maximum amount able to be loaned to the client.
Want to track your status and progress...we have an app for that!
Each participant will have access to an app that will server as a portal to track savings, credit, and rediness. The app will allow participants and the MOCHA Team is stay engaged on a consistent basis to know what's needed to got to the next steps in the process.
HOME SEARCH
Our Realtors will consult clients on the current market trends and purchase options. These options include:
Budget/Price range -How much to be spent based upon loan amount
Location -Major factors (I.e., schools, commute, lifestyle)
Needs/Wants/Must-Haves -Bedrooms, Baths, Space needed, Parking, Outdoors space, etc
PLANNING FOR THE FUTURE
MOCHA will conduct a series of educational symposiums to educate all participants on how to maximize and protect their real estate investments. Each symposium will be facilitated by highly skilled professionals in each subject category.
The series will include (but not limited to):
- How and why to set up and protect their assets though a will and living or revokable trust
- The variations of insurance available and how they may benefit them and their beneficiaries
- Taxes...how to maximize and leverage the property for the best tax benefits
- Monthly payment options to build equity and pay down the principle faster
Estate Planning
Industry professionals will be on hand help create individual plans based upon what the participants learned from the symposiums. It's very important to set up an estate and secure your ability to pass the assets to the next generation. We will also educate members on way to build upon their investments and/or create a portfolio to grow your family’s net worth
- Succession/Will/Trust - (Inheritance, transfer of ownership)
- Investment/Profitability - (i.e Long/Short term rentals, Portfolio growth)
M.OC.H.A's TEAM
STACEY DUNSON, Realtor
KELVIN GOODWIN, Loan Officer
KRISHEN SHAH, Loan Officer
M.O.C.H.A. was created by Stacey Dunson, a Realtor, and CEO of Dunson Real Estate Group in the Atlanta Metro Area.
Stacey was born to a single mother that rented during his childhood and didn’t have the experience to teach her son about home ownership.
When Stacey bought his first home at the age of forty-five, he realized he had taken
M.O.C.H.A. was created by Stacey Dunson, a Realtor, and CEO of Dunson Real Estate Group in the Atlanta Metro Area.
Stacey was born to a single mother that rented during his childhood and didn’t have the experience to teach her son about home ownership.
When Stacey bought his first home at the age of forty-five, he realized he had taken his first steps toward establishing generational wealth for himself and his family.
He made it his passion and purpose to educate and assist others like him on benefits of home ownership and generational wealth by sharing his knowledge and experience in Real Estate.
Stacey’s believes his “Each one, teach one” attitude is the foundation for building a stronger community.
KRISHEN SHAH, Loan Officer
KELVIN GOODWIN, Loan Officer
KRISHEN SHAH, Loan Officer
Krishen began his mortgage career in operations, assisting senior staff and top-producing mortgage bankers. His acumen and diligence hastened a promotion to processor, where he continued to distinguish himself. Elevated to senior processor in 2016, Krishen consistently earned top producer of the department, closing record volume and garne
Krishen began his mortgage career in operations, assisting senior staff and top-producing mortgage bankers. His acumen and diligence hastened a promotion to processor, where he continued to distinguish himself. Elevated to senior processor in 2016, Krishen consistently earned top producer of the department, closing record volume and garnering 5-star customer ratings. These ratings and his talent for customer-centric solutions inevitably propelled Krishen into the sales domain of mortgage banking.
A native of Augusta, Georgia, Krishen moved to Atlanta in 2010 and graduated from Georgia State University in 2015. Recently married, Krishen, his wife Haylie, and their dog, Brady, live in midtown and enjoy food, sports, and travel.
KELVIN GOODWIN, Loan Officer
KELVIN GOODWIN, Loan Officer
KELVIN GOODWIN, Loan Officer
M.OC.H.A's TEAM
AMIL JOHNSON, Attorney
DWAYNE C. Godwin, Insurance Broker
RANDY WILLIAMS, Attorney
Amil is the co-founder and CEO of R.S. Johnson Legal, P.C. A graduate of Morehouse College and University of Georgia School of Law, he brings many years of experience as a litigator and transactional lawyer.
He’s an active member of the Fayette County Bar Association and the Georgia Bar Real Property Law Section; he’s an affiliate member
Amil is the co-founder and CEO of R.S. Johnson Legal, P.C. A graduate of Morehouse College and University of Georgia School of Law, he brings many years of experience as a litigator and transactional lawyer.
He’s an active member of the Fayette County Bar Association and the Georgia Bar Real Property Law Section; he’s an affiliate member of the Fayette Board of Realtors.
Originally from Augusta, Georgia, Amil now lives in Fayetteville with his wife and three children. He loves music, concerts, and a raucous game of flag football!
RANDY WILLIAMS, Attorney
DWAYNE C. Godwin, Insurance Broker
RANDY WILLIAMS, Attorney
Randy Williams serves as President and Managing Partner of Williams Law Group of Georgia. Attorney Williams is a highly skilled and passionate advocate when he is litigating on behalf of his diverse group of clients. He specializes in Real Estate Law, Criminal Defense, and Litigation. Randy brings business and executive ingenuity to the
Randy Williams serves as President and Managing Partner of Williams Law Group of Georgia. Attorney Williams is a highly skilled and passionate advocate when he is litigating on behalf of his diverse group of clients. He specializes in Real Estate Law, Criminal Defense, and Litigation. Randy brings business and executive ingenuity to the firm's leadership. He obtained his Doctor of Law from Emory University where he prosecuted misdemeanor and felony crimes under the Fulton County Solicitor General and Dekalb County District Attorney.
Prior to practicing Randy served as an executive gaining extensive experience in various areas of business management. In his spare time Randy enjoys playing tennis, mentoring, traveling, and spending time with family and friends.
DWAYNE C. Godwin, Insurance Broker
DWAYNE C. Godwin, Insurance Broker
DWAYNE C. Godwin, Insurance Broker
Dwayne C. Godwin started the Insurance Agency “Godwin Agency” December 2022 in Atlanta Georgia. His passion is to educate and inform families, friends and loved ones of the importance of having insurance and how it can drastically help families in various times of need. Born and raised in Suffolk Virginia, he graduated Magna-Cum Laude in
Dwayne C. Godwin started the Insurance Agency “Godwin Agency” December 2022 in Atlanta Georgia. His passion is to educate and inform families, friends and loved ones of the importance of having insurance and how it can drastically help families in various times of need. Born and raised in Suffolk Virginia, he graduated Magna-Cum Laude in 2005 from
Hampton University with a Bachelors in Pre-Law. He has always had a passion to be a part of positive change, setting examples of what can be achieved when we are diligent, focused and put our minds to a specific goal. He is licensed in 14 different states and I plan to utilize this great achievement to help others around the world.He is specialized in the following areas: Mortgage Protection, Term Life Protection, Burial Expense, Whole Life, Retirement Planning investing in Annuity, Generational Wealth Building for Children,Teens and Adults investing IUL (Index Universal Life). Dwayne's goal is to continue to increase Financial Literacy within our community so that families can have a more financially successful future to ensure they achieve their goals.
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Men of Color Home-buyer's Academy
Hours
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