Almost, but not quite. You have to believe that the literal passages are literal--i.e. when the Gospel accounts record that Jesus rose from the dead, you don't try to explain it away by torturing the text--but every fundie, myself included, agrees that there are numerous idioms, metaphors, and symbols used throughout Scripture. In each case, the fundie interprets such idioms not by his whim, or by what's politically expedient, but by seeing how each idiom/symbol is used throughout Scripture.
Furthermore, fundies believe that the Bible is inerrant in its autographs--that is, in the original manuscripts written by its various 40 authors. And while we acknowledge that some errors of transcription have occured in various copies, the simple scientific facts are that a) the text is about 99.5% pure, far higher than for any other ancient text, and b) no significant Christian doctrine rests upon any disputed passage.
What the non-fundies want to do is chop up the text to remove or explain away passages that offend their PC sensibilities, rather than simply taking it the least bit seriously.
BTTT