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Summary of Significant Accounting Policies (Details) (USD $)
In Millions, except Share data, unless otherwise specified
12 Months Ended
Dec. 31, 2014
segments
Dec. 31, 2013
Dec. 31, 2012
Summary of Significant Accounting Policies [Abstract]      
Number of business segments 2us-gaap_NumberOfOperatingSegments    
Servicing Advances      
Servicing advances $ 2.0us-gaap_EscrowDeposit    
Offering Costs      
Deferred offering costs 1.2us-gaap_DeferredCostsCurrentAndNoncurrent    
Real Estate Owned      
Real estate owned, at fair value 1.3us-gaap_OtherRealEstateAndForeclosedAssets    
Escrow and Fiduciary Funds      
Segregated bank accounts 23.6us-gaap_CashAndSecuritiesSegregatedUnderFederalAndOtherRegulations    
Net Income (Loss) Per Share      
Dilutive effect of the Exchangeable Senior Notes 1,779,560us-gaap_IncrementalCommonSharesAttributableToConversionOfDebtSecurities      
Exchangeable Senior Notes [Member]      
Debt Instrument [Line Items]      
Principal amount $ 57.5us-gaap_DebtInstrumentFaceAmount
/ us-gaap_DebtInstrumentAxis
= zfc_ExchangeableSeniorNotesMember
   
Mortgage Loans [Member] | Insured Loans, Credit Concentration Risk [Member]      
Concentration Risk [Line Items]      
Concentration risk, percentage 10.30%us-gaap_ConcentrationRiskPercentage1
/ us-gaap_ConcentrationRiskByBenchmarkAxis
= us-gaap_MortgageReceivablesMember
/ us-gaap_ConcentrationRiskByTypeAxis
= zfc_InsuredLoansCreditConcentrationRiskMember
   
Mortgage Loans [Member]      
Accounts, Notes, Loans and Financing Receivable [Line Items]      
Threshold period past due after which loans are considered considered non-performing 90 days    
ZAIS Financial Partners, LP. [Member]      
Noncontrolling Interest [Line Items]      
Equity interest held 89.60%us-gaap_MinorityInterestOwnershipPercentageByParent
/ dei_LegalEntityAxis
= zfc_ZaisFinancialPartnersLpMember
89.60%us-gaap_MinorityInterestOwnershipPercentageByParent
/ dei_LegalEntityAxis
= zfc_ZaisFinancialPartnersLpMember