The optimization of the process conditions for fire retardant ultra-low density fiberboards (ULDFs) was investigated using response surface methodology (RSM). Three parameters, namely those of Borax-Zinc-Silicate-Aluminum (B-Zn-Si-Al), chlorinated paraffin (CP), and chloride-vinyl chloride emulsions (PVDC) were chosen as variables. The considerably high R2 value (99.98%) indicated the statistical significance of the model. The optimal process conditions for the limiting oxygen index (LOI) were determined by analyzing the response surface’s three-dimensional surface plot and contour plot, and by solving the regression model equation with Design Expert software. The Box-Behnken design (BBD) was used to optimize the process conditions, which showed that the most favorable dosages of B-Zn-Si-Al, CP, and PVDC were 800 mL, 46.47 mL, and 35.64 g, respectively. Under the optimized conditions, the maximum LOI was 48.4.