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  <xs:element id="foa_LoansHeldForInvestmentMember" abstract="true" name="LoansHeldForInvestmentMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="foa_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedHmbsRelatedObligationsAtFairValue" abstract="false" name="BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedHmbsRelatedObligationsAtFairValue" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="foa_RepurchaseAgreementObligation" abstract="false" name="RepurchaseAgreementObligation" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="foa_DeferredPurchaseLiabilitiesAtFairValue" abstract="false" name="DeferredPurchaseLiabilitiesAtFairValue" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="foa_TaxReceivableAgreementObligationFairValue" abstract="false" name="TaxReceivableAgreementObligationFairValue" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="foa_LoansHeldForSaleMember" abstract="true" name="LoansHeldForSaleMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="foa_RetainedBondsMember" abstract="true" name="RetainedBondsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="foa_NonRecourseDebtMember" abstract="true" name="NonRecourseDebtMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="foa_DeferredPurchasePriceLiabilitiesMember" abstract="true" name="DeferredPurchasePriceLiabilitiesMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="foa_FairValueMeasurementsWithUnobservableInputsRecurringBasisPurchasesAndAdditionsNet" abstract="false" name="FairValueMeasurementsWithUnobservableInputsRecurringBasisPurchasesAndAdditionsNet" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="foa_FairValueMeasurementsWithUnobservableInputsRecurringBasisSalesAndSettlementsNet" abstract="false" name="FairValueMeasurementsWithUnobservableInputsRecurringBasisSalesAndSettlementsNet" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="foa_FairValueMeasurementsWithUnobservableInputsReconciliationRecurringBasisLiabilitiesPurchasesAndAdditions" abstract="false" name="FairValueMeasurementsWithUnobservableInputsReconciliationRecurringBasisLiabilitiesPurchasesAndAdditions" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="foa_FairValueMeasurementsWithUnobservableInputsReconciliationRecurringBasisLiabilitiesSalesAndDeletions" abstract="false" name="FairValueMeasurementsWithUnobservableInputsReconciliationRecurringBasisLiabilitiesSalesAndDeletions" nillable="true" xbrli:periodType="duration" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="foa_FairValueOptionLoansHeldForInvestmentSubjectToHMBSObligationsUnpaidPrincipalBalance" abstract="false" name="FairValueOptionLoansHeldForInvestmentSubjectToHMBSObligationsUnpaidPrincipalBalance" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="foa_FairValueOptionLoansHeldForInvestmentSubjectToNonrecourseDebtUnpaidPrincipalBalance" abstract="false" name="FairValueOptionLoansHeldForInvestmentSubjectToNonrecourseDebtUnpaidPrincipalBalance" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="foa_FairValueOptionLoansHeldForSale" abstract="false" name="FairValueOptionLoansHeldForSale" nillable="true" xbrli:periodType="instant" xbrli:balance="debit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="foa_FairValueOptionLiabilitiesHMBSObligationsUnpaidPrincipalBalance" abstract="false" name="FairValueOptionLiabilitiesHMBSObligationsUnpaidPrincipalBalance" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="foa_FairValueOptionLiabilitiesNonrecourseDebtUnpaidPrincipalBalance" abstract="false" name="FairValueOptionLiabilitiesNonrecourseDebtUnpaidPrincipalBalance" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
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  <xs:element id="foa_ReverseMortgageLoansReclassifiedAsGovernmentGuaranteedReceivableMember" abstract="true" name="ReverseMortgageLoansReclassifiedAsGovernmentGuaranteedReceivableMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="foa_ReverseMortgageLoansServicedForOthersMember" abstract="true" name="ReverseMortgageLoansServicedForOthersMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="foa_ReverseMortgageLoansPledgedAsCollateralFinancingLinesOfCreditMember" abstract="true" name="ReverseMortgageLoansPledgedAsCollateralFinancingLinesOfCreditMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="foa_MortgageLineOfCreditMember" abstract="true" name="MortgageLineOfCreditMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="foa_VariousMaturitiesMortgageRelatedAssetsMember" abstract="true" name="VariousMaturitiesMortgageRelatedAssetsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="foa_October2027HECMMSRMember" abstract="true" name="October2027HECMMSRMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="foa_October2026UnsecuritizedTailsMember" abstract="true" name="October2026UnsecuritizedTailsMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="foa_FinanceOfAmericaHoldingsLLCFAHMember" abstract="true" name="FinanceOfAmericaHoldingsLLCFAHMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
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  <xs:element id="foa_EqualToOrGreaterThanMember" abstract="true" name="EqualToOrGreaterThanMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="foa_CommitmentsAndContingenciesLineItems" abstract="true" name="CommitmentsAndContingenciesLineItems" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:stringItemType"/>
  <xs:element id="foa_PercentageOfOutstandingPrincipalBalanceOfHecmIsEqualToOrGreaterThanMca." abstract="false" name="PercentageOfOutstandingPrincipalBalanceOfHecmIsEqualToOrGreaterThanMca." nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:percentItemType"/>
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  <xs:element id="foa_FairValueOptionChangesInFairValueGainLossExcludedFromCalculationOfEarningsLossPerDilutedShare" abstract="false" name="FairValueOptionChangesInFairValueGainLossExcludedFromCalculationOfEarningsLossPerDilutedShare" nillable="true" xbrli:periodType="duration" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="foa_StockholdersEquityExchangeRatio" abstract="false" name="StockholdersEquityExchangeRatio" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:pureItemType"/>
  <xs:element id="foa_FinanceOfAmericaReverseLLCFARAndOnityMortgageCorporationOMCMember" abstract="true" name="FinanceOfAmericaReverseLLCFARAndOnityMortgageCorporationOMCMember" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="dtr-types:domainItemType"/>
  <xs:element id="foa_PurchaseCommitmentNumberOfLoans" abstract="false" name="PurchaseCommitmentNumberOfLoans" nillable="true" xbrli:periodType="instant" substitutionGroup="xbrli:item" type="xbrli:integerItemType"/>
  <xs:element id="foa_PurchaseCommitmentUnpaidPrincipalBalance" abstract="false" name="PurchaseCommitmentUnpaidPrincipalBalance" nillable="true" xbrli:periodType="instant" xbrli:balance="credit" substitutionGroup="xbrli:item" type="xbrli:monetaryItemType"/>
  <xs:element id="foa_PurchaseCommitmentSubsequentToCloseAgreementTerm" abstract="false" name="PurchaseCommitmentSubsequentToCloseAgreementTerm" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="foa_PurchaseCommitmentSubsequentToCloseAgreementTermRenewal" abstract="false" name="PurchaseCommitmentSubsequentToCloseAgreementTermRenewal" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
  <xs:element id="foa_PurchaseCommitmentSubsequentToCloseAgreementTermNonRenewalPeriodPriorToExpiration" abstract="false" name="PurchaseCommitmentSubsequentToCloseAgreementTermNonRenewalPeriodPriorToExpiration" nillable="true" xbrli:periodType="duration" substitutionGroup="xbrli:item" type="xbrli:durationItemType"/>
</xs:schema>
