Preheat the oven to 325 degrees Fahrenheit. Prepare a sheet pan by lining it with parchment paper. Set aside.
Ina medium-sized bowl, combine the rolled oats and walnuts. Set aside.
Over medium heat, in a small saucepan, stir together applesauce, maple syrup, light brown sugar, caramel syrup, and butter. Bring the entire mixture to a boil and boil for 1 minute, stirring constantly. Remove pan from heat and whisk in cinnamon, vanilla extract, and nutmeg until combined.
Pour mixture over the rolled oats and walnuts. Stir to combine and coat everything.
Spread the granola over the sheet pan and bake in the oven for 25 minutes. Stir the granola halfway through the baking process.
Let the granola cool completely before breaking it apart and mix in the dried apples and cranberries.