Consolidated Statements of Operations (USD $)	3 Months Ended
	Mar. 31, 2014	Mar. 31, 2013
Interest income
Mortgage loans	$ 5,649,553	$ 28,906
Real estate securities	3,740,615	3,407,127
Other investment securities	102,865
Total interest income	9,493,033	3,436,033
Interest expense
Loan repurchase facility	1,830,907
Securities repurchase agreements	660,402	514,035
Exchangeable Senior Notes	1,412,643
Total interest expense	3,903,952	514,035
Net interest income	5,589,081	2,921,998
Other gains/(losses)
Change in unrealized gain or loss on mortgage loans	689,604	(28,906)
Change in unrealized gain or loss on real estate securities	2,736,058	903,277
Change in unrealized gain or loss on other investment securities	370,764
Realized gain on mortgage loans	230,737
Realized gain on real estate securities	73,619
(Loss)/gain on derivative instruments	(3,108,681)	281,144
Total other gains/(losses)	992,101	1,155,515
Expenses
Professional fees	1,811,851	1,261,184
Advisory fee - related party	702,755	488,385
Loan servicing fees	372,132
General and administrative expenses	1,211,585	354,249
Total expenses	4,098,323	2,103,818
Net income	2,482,859	1,973,695
Net income allocated to non-controlling interests	258,654	299,094
Preferred dividends		15,379
Net income attributable to ZAIS Financial Corp. common stockholders	$ 2,224,205	$ 1,659,222
Net income per share applicable to common stockholders - basic and diluted	$ 0.28	$ 0.32
Weighted average number of shares of common stock:
Basic	7,970,886	5,142,053
Diluted	8,897,800	6,068,967