Consolidated Statements of Operations (USD $)	3 Months Ended		9 Months Ended
	Sep. 30, 2013	Sep. 30, 2012	Sep. 30, 2013	Sep. 30, 2012
Interest income
Mortgage loans	$ 4,051,406		$ 4,984,265
Real estate securities	4,222,038	2,176,647	12,660,723	7,216,518
Total interest income	8,273,444	2,176,647	17,644,988	7,216,518
Interest expense
Loan repurchase facility	1,455,617		1,744,913
Securities repurchase agreements	877,522	376,742	2,259,041	1,043,889
Total interest expense	2,333,139	376,742	4,003,954	1,043,889
Net interest income	5,940,305	1,799,905	13,641,034	6,172,629
Other gains/(losses)
Change in unrealized gain or loss on mortgage loans	3,644,036		5,211,327
Change in unrealized gain or loss on real estate securities	4,785,568	6,269,964	(9,953,797)	15,662,891
Realized gain on mortgage loans	346,482		412,726
Realized (loss)/gain on real estate securities	(9,113,260)	849,794	(9,359,315)	(1,102,068)
Gain/(loss) on derivative instruments	1,510,143	(362,681)	5,489,668	(1,118,633)
Total other gains/(losses)	1,172,969	6,757,077	(8,199,391)	13,442,190
Expenses
Professional fees	1,090,672	193,892	2,583,246	1,137,329
Advisory fee - related party	710,563	255,943	1,903,635	728,521
Loan servicing fees	319,489		434,023
General and administrative expenses	844,357	48,629	1,967,729	129,284
Total expenses	2,965,081	498,464	6,888,633	1,995,134
Net income/(loss)	4,148,193	8,058,518	(1,446,990)	17,619,685
Net income/(loss) allocated to non-controlling interests	432,132		(57,250)
Preferred dividends		4,156	15,379	11,730
Net income/(loss) attributable to ZAIS Financial Corp. common stockholders	$ 3,716,061	$ 8,054,362	$ (1,405,119)	$ 17,607,955
Net income/(loss) per share applicable to common stockholders - basic and diluted	$ 0.47	$ 2.83	$ (0.20)	$ 5.94
Weighted average number of shares of common stock:
Basic	7,970,886	2,843,203	7,038,304	2,962,376
Diluted	8,897,800	2,843,203	7,965,218	2,962,376