You can make homemade condensed milk with milk and sugar!
Servings: 190grams (2/3 cup)
490g/470ml (2 cups) milk
105g(1/2 cup) granulated sugar
Place milk and sugar in a pan and mix over low heat until the sugar dissolves.
As the sugar dissolves, without stirring, let the mixture simmer over medium-low heat. You’ll notice skin and foam on top during the simmering process. Take them with a spoon. You may need to repeat this process almost 5 times or more/less as needed.
When the mixture thickens, color becomes darker and the mixture reduced by 1/3 take from the heat. It takes almost 45 minutes. Sieve the condensed milk to be sure it is smooth. After it cools, you can keep it in the fridge for a week.