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Earnings Per Share (Details) (USD $)
3 Months Ended 12 Months Ended
Dec. 31, 2014
Sep. 30, 2014
Jun. 30, 2014
Mar. 31, 2014
Dec. 31, 2013
Sep. 30, 2013
Jun. 30, 2013
Mar. 31, 2013
Dec. 31, 2014
Dec. 31, 2013
Dec. 31, 2012
Numerator:                      
Net income/(loss) attributable to ZAIS Financial Corp. common stockholders (Basic) $ 194,337us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic [1] $ 1,149,497us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 23,173,931us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 2,224,205us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 8,062,847us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 3,716,061us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ (6,780,401)us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 1,659,222us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 26,741,970us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 6,657,728us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic $ 19,433,802us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic
Effect of dilutive securities:                      
Net income allocated to non controlling interests                 3,109,760us-gaap_DilutiveSecurities 880,358us-gaap_DilutiveSecurities 362,324us-gaap_DilutiveSecurities
Exchangeable Senior Notes                      
Interest expense                 3,240,561zfc_InterestExpenseOnConvertibleNotes      
Gain on derivative instruments                 (256,068)us-gaap_GainLossOnInterestRateDerivativeInstrumentsNotDesignatedAsHedgingInstruments      
Total - Exchangeable Senior Notes                 2,984,493us-gaap_InterestOnConvertibleDebtNetOfTax      
Net income/(loss) available to stockholders, after effect of dilutive securities                 $ 32,836,223us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted $ 7,538,086us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted $ 19,796,126us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted
Denominator:                      
Weighted average number of shares of common stock 7,970,886us-gaap_WeightedAverageNumberOfSharesOutstandingBasic [1] 7,970,886us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 7,970,886us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 7,970,886us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 7,970,886us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 7,970,886us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 7,970,886us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 5,142,053us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 7,970,886us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 7,273,366us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 2,724,252us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Effect of dilutive securities:                      
Weighted average number of OP units                 926,914us-gaap_IncrementalCommonSharesAttributableToContingentlyIssuableShares 926,914us-gaap_IncrementalCommonSharesAttributableToContingentlyIssuableShares 49,593us-gaap_IncrementalCommonSharesAttributableToContingentlyIssuableShares
Weighted average number of shares convertible under Exchangeable Senior Notes                 1,779,560us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities      
Diluted weighted average shares outstanding 8,897,800us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding [1] 8,897,800us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 10,677,360us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 8,897,800us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 9,594,150us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 8,897,800us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 8,897,800us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 6,068,967us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 10,677,360us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 8,200,280us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 2,773,845us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
Net income per share applicable to ZAIS Financial Corp. common stockholders - Basic $ 0.02us-gaap_EarningsPerShareBasic [1] $ 0.14us-gaap_EarningsPerShareBasic $ 2.91us-gaap_EarningsPerShareBasic $ 0.28us-gaap_EarningsPerShareBasic $ 1.01us-gaap_EarningsPerShareBasic $ 0.47us-gaap_EarningsPerShareBasic $ (0.85)us-gaap_EarningsPerShareBasic $ 0.32us-gaap_EarningsPerShareBasic $ 3.35us-gaap_EarningsPerShareBasic $ 0.92us-gaap_EarningsPerShareBasic $ 7.13us-gaap_EarningsPerShareBasic
Net income per share applicable to ZAIS Financial Corp. common stockholders - Diluted $ 0.02us-gaap_EarningsPerShareDiluted [1] $ 0.14us-gaap_EarningsPerShareDiluted $ 2.47us-gaap_EarningsPerShareDiluted $ 0.28us-gaap_EarningsPerShareDiluted $ 0.98us-gaap_EarningsPerShareDiluted $ 0.47us-gaap_EarningsPerShareDiluted $ (0.85)us-gaap_EarningsPerShareDiluted $ 0.32us-gaap_EarningsPerShareDiluted $ 3.08us-gaap_EarningsPerShareDiluted $ 0.92us-gaap_EarningsPerShareDiluted $ 7.13us-gaap_EarningsPerShareDiluted
[1] On October 31, 2014 the Company, completed the acquisition of GMFS. The Company has recognized the revenues and earnings related to its investment in GMFS for the period from the acquisition date to December 31, 2014 which are reflected in its consolidated statements of operations.