diff --git a/Source/Core/VideoCommon/Assets/CustomAsset.cpp b/Source/Core/VideoCommon/Assets/CustomAsset.cpp
index 0fc495fe44..60c7f1ee12 100644
--- a/Source/Core/VideoCommon/Assets/CustomAsset.cpp
+++ b/Source/Core/VideoCommon/Assets/CustomAsset.cpp
@@ -13,12 +13,17 @@ CustomAsset::CustomAsset(std::shared_ptr<CustomAssetLibrary> library,
 
 std::size_t CustomAsset::Load()
 {
+  // The load time needs to come from before the data is actually read.
+  // Using a time point from after the read marks the asset as more up-to-date than it actually is,
+  //  and has potential to race (and not be updated) if a change happens immediately after load.
+  const auto load_time = ClockType::now();
+
   const auto load_information = LoadImpl(m_asset_id);
   if (load_information.m_bytes_loaded > 0)
   {
     std::lock_guard lk(m_info_lock);
     m_bytes_loaded = load_information.m_bytes_loaded;
-    m_last_loaded_time = ClockType::now();
+    m_last_loaded_time = load_time;
     return m_bytes_loaded;
   }
   return 0;