UF Financial Aid and Housing

Hello guys, I would like to know if anybody has any information on the possibility of paying for off-campus housing with Financial Aid funds, and if yes, what would the process be like? As far as I know, if someone wants to live off-campus and pay with financial aid they will have to pay out of pocket for all deposits and/or rent payments up until financial aid funds are disbursed and put into your bank account, then you will just start paying rent with that. I just want to clarify this before I make a decision. I just emailed Financial Aid, but it is the weekend so I might have to wait longer for a reply.

Thank you in advance for any information regarding this topic. I am a transfer student for Fall 2017.