This is an article, on which most 'Reformers" and others stand on. Justification by faith and faith alone. It has been around and accepted for a long time. Thus, it has hemmed in the thinking of these groups. Let me ask a few questions:
Is anyone Justified, before God, by their faith? I would argue Scripture says... No. We are justified before our own conscience by faith. It is by the faith, that we come to know of our justification. Justification, for the Elect, was accomplished in the mind of God. It was carried out by the Faithfulness of His Son. Justification of the Elect, was never in doubt. It was planned in the Eternal Covenant (Heb. 13:20), and all of the Elect, were in Christ, when He went to Calvary. Therefore, the Elect, were justified by the Father's Eternal Plan and His Son's Person and Work - not upon their believing. Once they become believers, they believe God's Word is God's Truth and this is credited to them as a form of righteousness.
This Article of Justification, says the following: "..when they believe that they are received into favor..." The Bible does not say we enter into favor, with God, when we believe. Believers entered into favor with God from all eternity. He bestowed His mercy and compassion, upon the Elect, before the foundation of the world. Before anyone was even yet in existence.