Justification by Faith Alone
We believe that the good news of our salvation, acceptance, and forgiveness in Christ is proclaimed to all the world and is attended by the outpouring power of the Holy Spirit. The Holy Spirit calls and enables whosoever will to personally believe the gospel of Christ's finished work on the cross, to repent of dead works, and to be baptized for the remission of sins.
Those who believe the gospel and repent of their sins are justified by faith alone in the perfect sinless life and atoning death of Jesus. They are pardoned, forgiven, and declared righteous in Christ. By the grace of God we are accounted perfect and sinless in His merciful reckoning and our sinfulness (legal guilt and moral pollution) is covered by His sinlessness. The Law of God finds nothing to condemn in the believer in Jesus. This is what the apostle Paul calls justification by faith in the imputed righteousness of Christ.
Thus we were all saved from our sins at the cross of Christ, we are saved from our sins when we believe the gospel and repent of our sins, and we will be saved at the coming of our blessed Lord if we continue to believe the gospel unto the end. Thus there is no point in our lives where we are not justified by faith alone in the imputed righteousness of Christ.
Source: http://www.presenttruthmag.com/aof-noframes/art8.htm