In this work, we formulate the image in-painting as a matrix completion problem. Traditional matrix completion methods are generally based on linear models, assuming that the matrix is low rank. When the original matrix is large scale and the observed elements are few, they will easily lead to over-fitting and their performance will also decrease significantly. Recently, researchers have tried to apply deep learning and nonlinear techniques to solve matrix completion. However, most of the existing deep learning-based methods restore each column or row of the matrix independently, which loses the global structure information of the matrix and therefore does not achieve the expected results in the image in-painting. In this paper, we propose a deep matrix factorization completion network (DMFCNet) for image in-painting by combining deep learning and a traditional matrix completion model. The main idea of DMFCNet is to map iterative updates of variables from a traditional matrix completion model into a fixed depth neural network. The potential relationships between observed matrix data are learned in a trainable end-to-end manner, which leads to a high-performance and easy-to-deploy nonlinear solution. Experimental results show that DMFCNet can provide higher matrix completion accuracy than the state-of-the-art matrix completion methods in a shorter running time.