Fannie Mae Caramels

Fannie Mae Candy company has long been known for its creamy caramels.  You can make these at home.  These are soft and chewy delights.

Homemade Fannie Mae caramels.

homemade Fannie Mae caramels.

Fannie Mae Caramels

You can make homemade Caramels just like Fannie Mae
5 from 5 votes
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Course: Dessert
Cuisine: American
Keyword: Fannie Mae Caramels, Homemade Caramels
Prep Time: 10 minutes
Cook Time: 30 minutes
Total Time: 20 minutes
Servings: 96
Calories: 133kcal


  • 2 cups light corn syrup
  • 14 ounces sweetened condensed milk
  • 1 1/2 cups milk
  • 1 cup whipping cream
  • 1 cup butter
  • 4 cup sugar
  • 2 teaspoon vanilla
  • 2 cup chopped nuts if desired
  • Tempered dipping chocolate if preferred or wax paper cut into rectangles


  • Butter a 9X13 baking pan. In heavy 6 quart Dutch oven, combine sugar, corn syrup, condensed milk, milk, cream and butter. Place over medium heat and stir occasionally with wooden spoon until comes to boil. Clip on candy thermometer. 
  • Please note it can take the sugar a long time to reach the proper temperature, be patient.
  • Cook stirring constantly until reaches 240 degrees or soft ball stage. Remove from heat. Stir in vanilla and nuts. Pour without scraping into pan. Allow to stand overnight. Cut into 1-inch rectangles or squares. Wrap in wax paper or dip in chocolate.


I made these and could not get over the identical taste. This recipe makes about 110 pieces. A must have…must make recipe!! Fannie Mae is a Midwest northern household name. I am sure people will be pleased.


Calories: 133kcal | Carbohydrates: 19g | Protein: 1g | Fat: 6g | Saturated Fat: 3g | Cholesterol: 10mg | Sodium: 30mg | Potassium: 47mg | Fiber: 0g | Sugar: 18g | Vitamin A: 115IU | Vitamin C: 0.2mg | Calcium: 23mg | Iron: 0.2mg

About Stephanie Manley

I recreate your favorite restaurant recipes, so you can prepare these dishes at home. I help you cook dinner, and serve up dishes you know your family will love. You can find most of the ingredients for all of the recipes in your local grocery store.

Stephanie is the author of's Dining Out in the Home, and's Dining Out in the Home 2.

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Reader Interactions


  1. Denise A Benson

    5 stars
    Always test your candy in a cup of ICE WATER. Drizzle a teaspoon or so into the cold water and give it a few seconds to cool. Reach in and shape into a ball and check the consistency ~ you can carefully dry if needed. If it feels like the firmness you prefer ~ pull them off the stove and add your Vanilla. Works every time.

  2. Kathleen Y Strainis

    5 stars
    I used to work at Fannie Mae in Chicago. And I have! made these. They are just like the ones in the Store!

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Yes, you CAN make it at home! 
I'll show you how.