The preparation conditions of complex fire-retardant (FR) agents containing boron compounds (BF, X1), nitrogen-phosphorus compounds (NPF, X2), silicon compounds (SF, X3), and halogen compounds (HF, X4) for ultra-low density fiberboard (ULDF) were optimized using a response surface methodology. The effects and interactions of X1, X2, X3, and X4 on the fire properties of ULDF were investigated. An optimum char yield of 61.4% was obtained when the complex fire-retardant agents contained 33.9% boron, 27.2% nitrogen-phosphorus, 15.0% silicon, and 28.6% halogen. Compared with control fiberboard (CF), the heat release rate (HRR) profiles of all fiberboards with FRs were reduced. The peak HRR reduction in BF and NPF was more pronounced than for SF and HF at this stage. . Additionally, Si compounds showed greater effectiveness in preventing ULDF mass loss than BF, NPF, and HF. MF showed the highest residual mass (40.94%). Furthermore, the synergistic effect between four FR agents showed more significant results in ULDFs.