About Gate City Mortgage Company

Gate City Mortgage Company (Gate City Mortgage LLC), founded in November 2023, is dedicated to providing exceptional mortgage services to individuals and families. Our mission is to serve our customers with honesty, integrity, and competence, ensuring they receive the best possible loan terms and support throughout the home buying or refinancing process.

About Rick Lambert, President

Richard Lambert MMLS# 49422Richard (Rick) Lambert was born and raised in Fall River, MA. He graduated from Bishop Connolly High School and attended Bristol Community College.

Rick began his career in the retail sector, where he worked for 17 years until the company he worked for closed. He then decided to join his brother in the mortgage industry in May 2002, eventually becoming Vice President. When his brother retired in the second half of 2023, Rick decided to establish Gate City Mortgage to keep the great team together and continue their work.

Rick lives and breathes mortgages. He mostly enjoys assisting first-time homebuyers in achieving their dream of homeownership. Rick’s dedication and passion for helping others are evident in every aspect of his work.

Company History and Milestones

Gate City Mortgage opened its doors officially after incorporating in November 2023 at its office at:

  • 32 Daniel Webster Hwy, Unit 4, Merrimack, NH 03054

And during 2024 the company has already seen significant growth with two new locations:

  • 1107 Pleasant St, #201, Fall River, MA 02723
  • 224 Main St, Suite 3B, Salem, NH 03079

Gate City Mortgage’s Values and Mission

At Gate City Mortgage, we believe in providing honest advice from our heavily trained staff. Our people collectively have over 200+ years of mortgage experience. Gate City Mortgage’s mission is to offer home loans with the lowest interest rates and closing costs possible while helping borrowers overcome any roadblocks. Our friendly staff and mortgage brokers treat all clients like family, ensuring a responsive and reachable staff to maintain high customer satisfaction.

Services and Expertise

We offer a wide range of mortgage services, including:

  • Conventional Loans
  • Government Loans
  • Jumbo Loans
  • Non-QM (Non-Qualified Mortgage) Loans

Our experienced team stands out for their honest and constant communication, making sure our clients are well-informed and comfortable throughout the loan process.

Community Involvement

Gate City Mortgage is committed to giving back to the community. We are involved in several charitable efforts, including:

  • Harmony Home Outreach in Manchester, NH, serving the homeless population.
  • Shelters in Rhode Island for single women.

Community involvement aligns with our values and mission, as we believe in assisting families and blessing others with our efforts.

Vision for the Future

Our goal is to continue helping people in every way we can, treating everyone like family and with honesty. We hold weekly meetings to discuss new programs and assist one another with current files, ensuring we stay updated with industry trends and provide the best service possible.

Contact Us

For expert guidance and support in your mortgage journey, contact Gate City Mortgage Company. We are here to help you every step of the way:


Gate City Mortgage is currently licensed by the NH Banking Department as well as licensed in six states:

  • New Hampshire: NH License # 26913-MBR
  • Rhode Island: RI License # 20244705LB
  • Maine: ME License # 2556933
  • Massachusetts: MA License # MB2556933
  • Florida: FL License # MBR-7156
  • Vermont: VT License # MB-2556933

NMLS Numbers

  • NH Merrimack: 2556933
  • Fall River: 2563199
  • Salem: 2597739

By leveraging Rick’s extensive experience and dedication to the mortgage industry, Gate City Mortgage continues to provide top-notch service and support to its clients. If you’re considering financing or refinancing, our team with over 200 years of collective experience is here to help you achieve your homeownership dreams.