Correct. This is the greatest pit fall of the Calvinistic system.
They assume that because the bible teaches that mankind is unable to attain righteousness by LAW through WORKS that they are equally as unable to attain righteousness by GRACE through FAITH.
They prop up this faulty premise by attempting to somehow equate FAITH to a meritorious WORK of man, by which he earns or deserves God's favor and saving grace. What they fail to understand is that no amount of FAITH, whether given effectually or exercised freely, earns or merits anything. It has NO VALUE in and of itself. Faith in God is WORTHLESS unless God, in His GRACE, chooses to credit to our account righteousness based on Christ's merit.
Why does God choose one? Not because of their faith, but because;
For he saith to Moses, I will have mercy on whom I will have mercy, and I will have compassion on whom I will have compassion. Therefore hath he mercy on whom he will [have mercy], and whom he will he hardeneth. Rom. 9:15,18
Above you said, "based on Christ's merit."
Faith, is the merit of Christ by which one is imputed with the righteousness of God which the works of the law could never give.
Therefore by the deeds of the law there shall no flesh be justified in his sight: for by the law [is] the knowledge of sin. But now the righteousness of God without the law is manifested, being witnessed by the law and the prophets; Even the righteousness of God by faith
of Jesus Christ unto all and upon all them that believe
(Or, are of faith.: for there is no difference:
How does one be,
of faith? Through the faith of Jesus the Christ, Christ's merit and the grace of his Father God, by raising him from the dead, one can be given the Holy Spirit putting him in Christ therefore being, of faith, that is one believing.
Gal. 3:2 This only would I learn of you, Received ye the Spirit by the works of the law, or by the
hearing of faith?
Your faith therefore would be Christ in you, so done by the Holy Spirit, the
hope of glory. That hope being the grace of life (eternal life) applied to incorruptible body at the resurrection/change at the appearing of Jesus. The same grace of life given Christ at his resurrection. For if it had not been given him, faith, that is his death would have been in vain.
1 Cor 15:17 And if Christ be not raised, your faith vain; ye are yet in your sins. Therefore you are justified by grace being justified by faith (the shed blood, death) of Jesus the Christ.
That is the faith to come, the Father before placed Anointed Jesus, in his blood a propitiation (place of mercy)
12strings that should be your understanding of faith in Rom 3:25 in the thread, Would this be;.