Consolidated Statements of Operations (USD $)	3 Months Ended
	Mar. 31, 2013	Mar. 31, 2012
Interest income
Real estate securities	$ 3,407,127	$ 2,761,050
Mortgage loans	28,906
Total interest income	3,436,033	2,761,050
Interest expense
Repurchase agreements	514,035	288,740
Total interest expense	514,035	288,740
Net interest income	2,921,998	2,472,310
Other gains / (losses)
Change in unrealized gain / loss on real estate securities and mortgage loans	874,371	6,489,794
Realized loss on real estate securities		(2,061,045)
Gain on derivative instruments	281,144	141,815
Total other gains / (losses)	1,155,515	4,570,564
Expenses
Professional fees	1,261,184	545,111
Advisory fee - related party	488,385	227,295
General and administrative expenses	354,249	37,315
Total expenses	2,103,818	809,721
Net income	1,973,695	6,233,153
Net income allocated to non-controlling interests	299,094
Preferred dividends	15,379	3,417
Net income attributable to ZAIS Financial Corp. common stockholders	$ 1,659,222	$ 6,229,736
Net income per share applicable to common stockholders - basic and diluted	$ 0.32	$ 2.06
Weighted average number of shares of common stock:
Basic	5,142,053	3,022,617
Diluted	6,068,967	3,022,617