WE believe the Scriptures teach that salvation in all three tenses is by the grace of God through His free gift which is neither merited nor secured in part or in whole by any virtue or work of man (Ephesians 2:8, 9). The gospel, which the Holy Spirit uses as a basis for His conviction of a sinner to bring him to faith in Christ, is a specific limited area of truth (Romans 1:16). The facts that Christ died for our sins, was buried, and rose again physically after three days are the essential parts of the gospel (1 Corinthians 15:1-4; 2 Timothy 2:8-10).
The basis of salvation is the death of our Lord Jesus Christ in His human nature on the cross. He became personally separated in His human nature from the Father when the Father made the Son's Person (Human body and sinless human nature) an offering for sin. Thereby, the Father's outraged holiness against man's sin nature was propitiated (Isaiah 53:10; Matthew 27:46, Romans 3:25; 1 John 2:2, 4:10). Because of His infinite character, the Son's blood was a sufficient redemption for all mankind (Romans 3:24; 2 Peter 2:1). Since the death of Christ was sufficient for all the world, the world is now positionally reconciled to God (2 Corinthians 5:18, 19, Romans 5:10). God, therefore, encourages all men to be reconciled unto Him (2 Corinthians 5:20).
The single condition whereby the value of these propitiatory, redemptive, and reconciliatory works of the cross may be applied by the Holy Spirit to the individual is by a personal faith in the crucified and risen Son of God (Acts 16:31; Ephesians 2:8, 9). At salvation, the believer is called, regenerated, forgiven all sin, justified, sanctified, made eternally secure, and endowed with every spiritual blessing (Romans 3:24; 5:1; Ephesians 1:3, 13, 14; 4:32, Titus 3:5; 1 Corinthians 1:30). Positionally, the believer is glorified and seated in the heavenlies in Christ (Romans 8:29, 30; Ephesians 2:6, 7).