Consolidated Statements of Operations (USD $)	3 Months Ended		6 Months Ended
	Jun. 30, 2014	Jun. 30, 2013	Jun. 30, 2014	Jun. 30, 2013
Interest income
Mortgage loans	$ 6,819,954	$ 903,953	$ 12,469,507	$ 932,859
Real estate securities	3,832,576	5,031,558	7,573,191	8,438,685
Other investment securities	178,690		281,555
Total interest income	10,831,220	5,935,511	20,324,253	9,371,544
Interest expense
Loan repurchase facility	2,260,080	289,296	4,090,987	289,296
Securities repurchase agreements	737,290	867,484	1,397,692	1,381,519
Exchangeable senior notes	1,419,015		2,831,658
Total interest expense	4,416,385	1,156,780	8,320,337	1,670,815
Net interest income	6,414,835	4,778,731	12,003,916	7,700,729
Other gains/(losses)
Change in unrealized gain or loss on mortgage loans	21,960,921	1,596,197	22,650,525	1,567,291
Change in unrealized gain or loss on real estate securities	1,548,195	(15,642,642)	4,284,253	(14,739,365)
Change in unrealized gain or loss on other investment securities	905,862		1,276,626
Realized gain on mortgage loans	176,667	66,244	407,404	66,244
Realized gain/(loss) on real estate securities		(246,055)	73,619	(246,055)
(Loss)/gain on derivative instruments	(1,902,949)	3,698,381	(5,011,630)	3,979,525
Total other gains/(losses)	22,688,696	(10,527,875)	23,680,797	(9,372,360)
Expenses
Professional fees	939,744	231,389	2,751,595	1,492,573
Advisory fee - related party	710,563	704,687	1,413,318	1,193,072
Loan servicing fees	600,747	114,534	972,879	114,534
General and administrative expenses	980,342	769,123	2,191,927	1,123,372
Total expenses	3,231,396	1,819,733	7,329,719	3,923,551
Net income/(loss)	25,872,135	(7,568,877)	28,354,994	(5,595,182)
Net income/(loss) allocated to non-controlling interests	2,698,204	(788,476)	2,956,858	(489,382)
Preferred dividends				15,379
Net income/(loss) attributable to ZAIS Financial Corp common stockholders	$ 23,173,931	$ (6,780,401)	$ 25,398,136	$ (5,121,179)
Net income/(loss) per share applicable to common stockholders:
Basic	$ 2.91	$ (0.85)	$ 3.19	$ (0.78)
Diluted	$ 2.47	$ (0.85)	$ 2.79	$ (0.78)
Weighted average number of shares of common stock:
Basic	7,970,886	7,970,886	7,970,886	6,564,284
Diluted	10,677,360	8,897,800	10,677,360	7,491,198