Consolidated Balance Sheets (USD $)	Mar. 31, 2014	Dec. 31, 2013
Assets
Cash	$ 30,085,010	$ 57,060,806
Restricted cash	5,850,364	2,128,236
Mortgage loans, at fair value - $415,348,056 and $331,522,165 pledged as collateral, respectively	415,613,711	331,785,542
Real estate securities, at fair value - $201,451,523 and $183,722,511 pledged as collateral, respectively	231,844,899	226,155,221
Other investment securities, at fair value, $11,087,508 and $0 pledged as collateral, respectively	11,087,508
Derivative assets, at fair value	2,261,459	284,454
Other assets	1,473,826	2,666,799
Total assets	698,216,777	620,081,058
Liabilities
Loan repurchase facility	297,401,891	236,058,976
Securities repurchase agreements	159,180,562	138,591,678
Exchangeable Senior Notes	54,763,990	54,539,051
Derivative liabilities, at fair value	1,606,416	1,471,607
Dividends and distributions payable	3,559,120	8,452,910
Accounts payable and other liabilities	3,084,241	1,828,947
Accrued interest payable	1,928,256	1,369,327
Total liabilities	521,524,476	442,312,496
Commitments and Contingencies (Note 14)
Stockholders' equity
12.5% Series A cumulative non-voting preferred stock, $0.0001 par value; 50,000,000 shares authorized; zero shares issued and outstanding
Common stock, $0.0001 par value; 500,000,000 shares authorized; 7,970,886 shares issued and outstanding	798	798
Additional paid-in capital	164,207,617	164,207,617
Accumulated deficit	(5,922,756)	(4,958,607)
Total ZAIS Financial Corp. stockholders' equity	158,285,659	159,249,808
Non-controlling interests in operating partnership	18,406,642	18,518,754
Total stockholders' equity	176,692,301	177,768,562
Total liabilities and stockholders' equity	$ 698,216,777	$ 620,081,058