Consolidated Statements of Operations (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2013	Jun. 30, 2012	Jun. 30, 2013	Jun. 30, 2012
Interest income
Real estate securities	$ 5,031,558	$ 2,278,821	$ 8,438,685	$ 5,039,871
Mortgage loans	903,953		932,859
Total interest income	5,935,511	2,278,821	9,371,544	5,039,871
Interest expense
Repurchase agreements	867,484	378,407	1,381,519	667,147
Loan repurchase facility	289,296		289,296
Total interest expense	1,156,780	378,407	1,670,815	667,147
Net interest income	4,778,731	1,900,414	7,700,729	4,372,724
Other gains / (losses)
Change in unrealized (loss) / gain on real estate securities	(15,642,642)	2,903,133	(14,739,365)	9,392,927
Change in unrealized gain on mortgage loans	1,596,197		1,567,291
Realized (loss) / gain on real estate securities	(246,055)	109,183	(246,055)	(1,951,862)
Realized gain on mortgage loans	66,244		66,244
Gain / (loss) on derivative instruments	3,698,381	(897,767)	3,979,525	(755,952)
Total other gains / (losses)	(10,527,875)	2,114,549	(9,372,360)	6,685,113
Expenses
Professional fees	231,389	398,325	1,492,573	943,436
Advisory fee - related party	704,687	245,283	1,193,072	472,578
Loan servicing fees	114,534		114,534
General and administrative expenses	769,123	43,340	1,123,372	80,655
Total expenses	1,819,733	686,948	3,923,551	1,496,669
Net (loss) / income	(7,568,877)	3,328,015	(5,595,182)	9,561,168
Net (loss) / income allocated to non-controlling interests	(788,476)		(489,382)
Preferred dividends		4,157	15,379	7,574
Net (loss) / income attributable to ZAIS Financial Corp. common stockholders	$ (6,780,401)	$ 3,323,858	$ (5,121,179)	$ 9,553,594
Net (loss) / income per share applicable to common Net income per share applicable to common stockholders - basic and diluted	$ (0.85)	$ 1.10	$ (0.78)	$ 3.16
Weighted average number of shares of common stock:
Basic	7,970,886	3,022,617	6,564,284	3,022,617
Diluted	8,897,800	3,022,617	7,491,198	3,022,617